Leading semiconductor companies in Europe 2024, by market cap

As of October 1, 2024, ASML from the Netherlands was the largest semiconductor company of European origin in terms of market capitalization, amounting to 327.44 billion U.S. dollars. Arm Holdings from the United Kingdom ranked second with a market cap of 142.61 billion U.S. dollars, followed by the likes of NXP Semiconductors from the Netherlands and Infineon from Germany. 

European industries depend on semiconductors

Europe is a notable market within the global semiconductor industry, leading in research and development, advanced materials, and manufacturing equipment. Demand for semiconductors in Europe stems particularly from its high-growth sectors, such as across the automotive and industrial markets.

The European Chips Act to boost Europe’s position

Diversification is a key strategic aim for the semiconductor industry in Europe, not just at the fabrication stage, but all parts of the supply chain. To support this, the European Union has mobilized 43 billion euros of public and private investment as it seeks to boost its global market share in semiconductors from 10 percent in 2023 to 20 percent by 2030. The European Chips Act, which came into force in September 2023, aims to strengthen Europe’s research and technology leadership toward advanced chips.