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Apple Largest Buyer of Semiconductors in 2011; Samsung Second, HP Third

Apple emerged as the largest purchaser of semiconductors during 2011, thus beating every single other electronic manufacturer out there including Samsung and HP, a new study revealed.

The study, carried out by market research firm Gartner, determined that during 2011 Apple increased its expenses in semiconductor products by almost 34.6 percent, thus pushing the figure to $17.3 billion in comparison to 2010's $12.8 billion.

Despite increasing its budget for semiconductor products by 9.2 percent, Samsung ended up in second place on the list, with Hewlett-Packard coming in third. Interestingly, HP's expenditure on semiconductors decreased during 2011. In comparison to the previous year's $17.6 billion, the company spent only 16.6 billion last year.

"Those companies that gained share in the smartphone market, such as Apple, Samsung Electronics and HTC, increased their semiconductor demand, while those who lost market share in this segment, such as Nokia and LG Electronics, decreased their semiconductor demand," Masatsune Yamaji, principal research analyst at Gartner, said in a statement, PC Mag reports.