Semiconductor companies market revenue worldwide 2009-2023

In 2023, Intel was the leading semiconductor vendor with 48.66 billion U.S. dollars in revenue, with Samsung ranking second among vendors after generating 39.91 billion U.S. dollars in revenue.

Semiconductor companies

Some of the biggest companies within the semiconductor industry include integrated device manufacturers (IDMs) like Intel, Samsung Electronics, SK Hynix, and Texas Instruments. Other notable firms within the global semiconductor industry include fabless companies like Qualcomm and Nvidia, the likes of which work closely with foundries such as Taiwan Semiconductor Manufacturing Company (TSMC) - the world's largest foundry - who manufacture chips in their fabrication plants (fabs).

Semiconductor market opportunities

Smartphones represent 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 will become an even more important opportunity, with semiconductor innovation required to support cloud data centers and the rise in AI and edge computing applications, 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.