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Semiconductor companies market revenue worldwide 2009-2024
In 2024, Samsung was the leading semiconductor vendor with 66.52 billion U.S. dollars in revenue, with Intel ranking second among vendors after generating 49.19 billion U.S. dollars in revenue. Reaping the rewards from the strength of its AI business, Nvidia came in at third in 2024, generating 45.99 billion U.S. dollars in revenue through the year.
Semiconductor companies
Some of the biggest companies within the semiconductor industry include integrated device manufacturers (IDMs) like Samsung, Intel, and SK Hynix. Other notable firms within the global semiconductor industry include fabless companies like Nvidia and Qualcomm, the likes of which work closely with foundries such as Taiwan Semiconductor Manufacturing Company (TSMC) — the world's largest foundry — that manufactures chips in its fabrication plants.
Semiconductor market opportunities
Smartphones have long represented an important market for the semiconductor industry, especially as these devices become more advanced and able to support technologies such as XR, 5G, and AI. Servers and data centers have also become an even more important opportunity, with semiconductor innovation required to support cloud data centers and the rise in AI and edge computing applications, developments that have been supported by the development of AI chips. Industrial and automotive applications are also expected to experience increased demand: as manufacturing facilities and vehicles become smarter and ever more connected, the requirement for more advanced semiconductor technology to fulfill these tasks grows.