HiSilicon, the semiconductor arm of Huawei Technologies Co, became the first Chinese mainland company to enter the Top 10 global chip rankings by taking the 10th position among global firms during the first quarter of the year, a new report said.
HiSilicon moved up by five places to the 10th position in just a year, market research company IC Insights said in its latest report.
Between January and March this year, HiSilicon notched up sales of $2.67 billion, up by 54 percent on a yearly basis, despite US government restrictions and the COVID-19 pandemic, the report said.
The strong results came close on the heels of HiSilicon surpassing US chip giant Qualcomm Inc in smartphone processor shipments on the Chinese mainland for the first time amid coronavirus-linked disruptions that have harmed most of the major players, according to Chinese research firm CINNO.
During the first quarter of this year, HiSilicon shipped 22.21 million smartphone processors, marking a slight increase from the 22.17 million units it shipped in the first quarter of last year, according to CINNO data.
HiSilicon was the only major company that did not see a year-on-year decline during the quarter as the COVID-19 pandemic disrupted supply chains and production, CINNO said.
As a result, the Huawei unit's market share surged to 43.9 percent, from 36.5 percent a quarter ago, beating Qualcomm, the longtime market leader, which took the second place with a market share of 32.8 percent.
Despite the progress, HiSilicon is still well behind Intel, Samsung, SK Hynix, Micron and the others in the global top 10 rankings in terms of semiconductor sales.