The semiconductor industry drives technological advancements and has grown and innovated remarkably in recent years; moreover, it is a vital sector. Did you know that the global semiconductor market will grow to $1,380.79 billion in 2029 at a CAGR of 12.2%? Hence in today’s blog, we will be discussing the top semiconductor companies.
Semiconductor companies shape our modern world as the demand for electronic devices soars; consequently, they develop and produce innovative technology, such as microprocessors, memory chips, sensors, and power devices. They play a pivotal role.In this blog, we’ll dive into the top semiconductor companies by revenue 2023, revealing who reigned supreme in the competitive chip arena.
Here Are the Top 10 Semiconductor Companies in The World
1. Samsung
- Founding year: 1983
- Headquarters: California, United States
- Revenue TTM (2023): US$194 billion
- Share Price: US$54.80
- Market Cap: US$365.54 billion
Samsung is the world’s biggest memory chip maker. Moreover, it ranks 1st in the list of the top 10 semiconductor companies. Additionally, it ranked second in the list of the top semiconductor companies in 2023.
Furthermore, Samsung Electronics announced a colossal investment of US$ 228 billion in a new semiconductor complex in South Korea. Importantly, this investment will last until 2042.
The company offers innovative and high-performance semiconductor products. It is the largest semiconductor company.
Notably, the company offers various products, such as:
- DRAM
- SSD
- e-Storage
- Automotive memory
- Consumer Storage
- Processors
- Image Sensor
- Display IC
- Security Solutions
- Power IC
- LED
2. Taiwan Semiconductor Manufacturing Company Limited
- Founding year: 1987
- Headquarters: Hsinchu, Taiwan
- Revenue TTM (2023): US$69.57 billion
- Share Price: US$130.64
- Market Cap: US$677.55 billion
A renowned leader in the semiconductor industry, Taiwan Semiconductor Manufacturing Company (TSMC), specializes in discrete power rectifiers and has been doing so for over 40 years. Moreover, it ranks 2nd in the list of the top semiconductor companies.
According to a recent CNBC news article, TSMC is responsible for Taiwan’s dominance as the world’s largest chip manufacturer. This not only shows that TSMC is one of the largest semiconductor companies in the world but also proves that TSMC is one of the leading semiconductor companies in Taiwan.
Importantly, as of 2023, TSMC has manufactured approximately 60 percent of the worldwide supply.
Notably, they manufacture a variety of products, such as:
- Small Signal Transistors
- MOSFETs
- Switching Diodes and Rectifiers
- High Voltage Rectifiers
- Automotive-Qualified Discrete and MOSFETs
- ESD Protection Devices
- Discrete Semiconductors
3. Intel
- Founding year: 1968
- Headquarters: California, United States
- Revenue TTM (2023): US$54.23 billion
- Share Price: US$42.73
- Market Cap: US$180.66 billion
Notably, intel is one of the top semiconductor companies worldwide; it is a semiconductor company. Furthermore, it contributed to the development of the x86 series of instruction sets, which are widely used in personal computers. In fact, intel ranked 3rd in the list of the top semiconductor companies in 2023—an achievement that is important.
In a strategic move, the company will establish a state-of-the-art assembly and testing plant in Poland. Scheduled to commence operations in 2027, the plant will cater to external customers. The ambitious venture in Wroclaw, Poland, will cost US$4.6 billion, signifying the company’s commitment to growth and innovation.
Notably, intel offers various products, such as:
- Central processing units (CPUs)
- Integrated graphics processing units (iGPUs)
- Graphics processing units (GPUs)
- System-on-a-chips (SoCs)
- Motherboard chipsets
- Network interface controllers (NICs)
- Modems
- Solid-state drives (SSDs)
4. Qualcomm
- Founding year: 1985
- Headquarters: California, United States
- Revenue TTM (2023): US$36.29 billion
- Share Price: US$158.30
- Market Cap: US$176.66 billion
Qualcomm ranks 4th in the list of the top semiconductor companies. Additionally, it is one of the leading semiconductor companies, developing and manufacturing innovative technology solutions, software, and services in wireless communications.
The company plans to increase its investments in India, as reported in a recent news article by the Economic Times. This strategic move aims to surpass its rivals and establish partnerships with chip manufacturers, ultimately contributing to the development of a semiconductor ecosystem in India.
Qualcomm is getting ready to release the Snapdragon 7+ Gen 3 processor, which boasts a notable performance improvement over its predecessor. Revealing crucial information about the future chip, Digital Chat Station, a well-known tech leaker, highlighted its remarkable architecture and clock rates.
Notably, the company manufactures various products, such as:
- Snapdragon processors
- Cellular modems and RF systems
- Bluetooth and Wi-Fi connectivity solutions
- AI Engine
- Cellular modems
- GPS chips
- Security chips
5. Broadcom
- Founding year: 1961
- Headquarters: California, United States
- Revenue TTM (2023): US$35.45 billion
- Share Price: US$1,296
- Market Cap: US$600.70 billion
Broadcom Inc. offers a wide range of cutting-edge semiconductor and infrastructure software solutions. Moreover, it is a prominent player in the semiconductor industry, holding the 5th position in the list of the top 10 semiconductor companies. Notably, Broadcom is the 12th most valuable company based on the market cap.
Following a $69 billion VMware acquisition, Broadcom sought a buyer for EUC and Carbon Black. Eventually, it found a taker in KKR, which offered $4 billion for the End User Computing business. Importantly, the move gained approval from VMware resellers, as reported in a news article by CRN.
Moreover, the company offers various semiconductor products, such as:
- Data Center Switches and Routers
- Set-Top/CMTS
- Cable Modems
- PON/DSL
- Ethernet NICs
- Filters and Amplifiers
- ASIC
- Wireless Connectivity Solutions
- Embedded Processors
- HDD/SSD controllers
- Enterprise SAS/SATA/Fibre Channel Connectivity
- Optical Isolation/Motion encoders/LEDs
- Fiber Optic Solutions
6. SK-Hynix
- Founding year: 1983
- Headquarters: Icheon-si, South Korea
- Revenue TTM (2023): US$ 28.29 billion
- Share Price: US$ 88.05
- Market Cap: US$ 62.35 billion
SK Hynix, the South Korean semiconductor company, has achieved a significant milestone by being the first Korean semiconductor company to receive the automotive ASPICE Level 2 certification. This recognition highlights the company’s commitment to producing high-quality semiconductor solutions for the automotive industry. SK Hynix has also embarked on an ambitious project to construct a state-of-the-art semiconductor chip factory in the United States, with an estimated investment of $15 billion. This strategic move signifies SK Hynix’s determination to expand its global presence and meet the growing semiconductor demand.
7. Applied Materials
- Founding year: 1967
- Headquarters: California, United States
- Revenue TTM (2023): US$ 26.63 billion
- Share Price: US$ 114.76 billion
- Market Cap: US$ 136.67
Applied Materials will launch an innovation center in India, further strengthening its global presence. Additionally, Applied Materials has committed a substantial investment of $4 billion in a chip research center in Silicon Valley. Applied Materials has also introduced two new products: the Centura Sculpta system and the VeritySEM 10 system. In terms of financial performance, the company anticipates sales of approximately US$6.15 billion for the third quarter of fiscal 2023, with an expected revenue breakdown of US$4.5 billion from Semiconductor Systems, US$1.4 billion from Applied Global Services, and $170 million from Display and Adjacent Markets.
8. NVIDIA
- Founding year: 1993
- Headquarters: California, United States
- Revenue TTM (2023): US$ 25.87 billion
- Share Price: US$ 430.45
- Market Cap: US$ 1.063 trillion
NVIDIA gained recognition as the fastest semiconductor company to reach US$1 billion in revenue, resulting in its inclusion in the prestigious S&P 500 index. With its accelerated AI computing expertise, chip manufacturing is an ideal application for NVIDIA’s advanced technologies. The company’s Q2 revenue forecast has surpassed expectations by over 50%, driven by the robust demand for its AI chips. These chips are crucial in powering various services, including chatbots, among other applications. NVIDIA continues to dominate the semiconductor landscape, leveraging its innovations and meeting the market’s evolving needs.
9. ASML
- Founding year: 1984
- Headquarters: Veldhoven, Netherlands
- Revenue TTM (2023): US$ 25.59 billion
- Share Price: US$ 707.30
- Market Cap: US$ 279.20 billion
ASML, one of the top semiconductor companies and a leader in semiconductor equipment, empowers the world’s leading chipmakers to mass produce intricate patterns on silicon, thereby playing a crucial role in developing smaller, faster, and more environmentally friendly computer chips. Demonstrating their exceptional performance, ASML Holding achieved a staggering 91 percent increase in revenue, reaching an impressive 6.74 billion euros, with a net profit amounting to 1.96 billion euros. Acknowledging the dynamic global landscape, ASML has strategically implemented restrictions on selling its machinery to China, aligning its decisions with future considerations.
10. AMD
- Founding year: 1969
- Headquarters: California, United States
- Revenue TTM (2023): US$ 23.06 billion
- Share Price: US$ 112.11
- Market Cap: US$ 180.53 billion
AMD, a leading semiconductor company, has recently unveiled its plan to invest a staggering US$135 million into expanding its adaptive computing research, development, and engineering operations in Ireland. This strategic move is expected to generate a substantial number of job opportunities, creating 290 new positions. Additionally, AMD has announced the imminent release of its highly anticipated MI300X, the company’s most advanced GPU explicitly designed for artificial intelligence (AI) applications. AMD is actively positioning itself to harness the potential of the AI revolution, ensuring its continued prominence in the ever-evolving world of semiconductors.
In conclusion, these industry giants have consistently pushed the boundaries of what is possible, revolutionizing various sectors and powering the digital age. With their unique and advanced products and a strong commitment to excellence, these semiconductor companies continue to shape the future and pave the way for technological advancements. We hope this blog on top semiconductor companies has provided valuable insights into their current plans.
ALSO READ: 5 Advantages and Disadvantages of Artificial Intelligence you should read
