Leading semiconductor companies worldwide 2024, by market cap

As of October 1, 2024, Nvidia ranked as the leading semiconductor company in terms of market capitalization at 2.87 trillion U.S. dollars, followed by the likes of TSMC, Broadcom, ASML, and Samsung. This mix of companies reflects the broad and complex nature of the semiconductor industry, with firms featuring from across all parts of the chip ecosystem. 

Regional highlights

The global semiconductor industry is dominated by companies from North America and the Asia-Pacific region. Countries such as China, Japan, South Korea, and Taiwan rank as some of the biggest markets for semiconductor equipment spending. One of the world’s leading chip-making machine manufacturers, and the only company in the world producing extreme ultraviolet lithography, or EUV, machines, is ASML based in Europe.

Europe’s semiconductor ambitions

The European Union (EU) has set a goal for Europe to produce at least 20 percent of the world’s semiconductors by value by 2030. Semiconductor revenue in Europe is lower than in other regions, although Europe does have key strengths which could help it to achieve the ambitious targets. An example is in the production of chips for the automotive industry, with firms such as NXP Semiconductors (Netherlands) and Infineon (Germany) specializing in this field.