In 2023, among leading fabless integrated circuit (IC) companies, Nvidia's revenue amounted to 55.27 billion U.S. dollars, up from the 27.01 billion U.S. dollars posted the previous year, with the company spearheading the artificial intelligence (AI) revolution that has gripped the world.
The force in AI
Without doubt, Nvidia has been the star of the fabless world, earning a reputation for being the dominant force in providing the technologies to support AI. Such has been the company’s rise that it briefly moved into the number one spot among tech companies in terms of market capitalization for the first time in June 2024.
Nvidia’s rise to the top
The surge that Nvidia has been on comes because its chips have been used to train and run a variety of large language models, such as ChatGPT. AI technologies and tasks require specialized AI chips that are more powerful, more efficient, and optimized for advanced machine learning algorithms. For Nvidia and other fabless companies like Qualcomm and AMD, the AI boom should act as a boost to revenues.
Integrated circuit (IC) design companies revenue worldwide from 2017 to 2023
(in billion U.S. dollars)
Characteristic
Nvidia
Qualcomm
Broadcom
AMD
MediaTek
Marvell
Novatek
Realtek
Will Semiconductor
MPS
Cirrus Logic
Himax
Xilinx
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TrendForce. (May 9, 2024). Integrated circuit (IC) design companies revenue worldwide from 2017 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/546477/worldwide-fabless-integrated-circuit-design-top-companies/
TrendForce. "Integrated circuit (IC) design companies revenue worldwide from 2017 to 2023 (in billion U.S. dollars)." Chart. May 9, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/546477/worldwide-fabless-integrated-circuit-design-top-companies/
TrendForce. (2024). Integrated circuit (IC) design companies revenue worldwide from 2017 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/546477/worldwide-fabless-integrated-circuit-design-top-companies/
TrendForce. "Integrated Circuit (Ic) Design Companies Revenue Worldwide from 2017 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 9 May 2024, https://www.statista.com/statistics/546477/worldwide-fabless-integrated-circuit-design-top-companies/
TrendForce, Integrated circuit (IC) design companies revenue worldwide from 2017 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/546477/worldwide-fabless-integrated-circuit-design-top-companies/ (last visited July 22, 2024)
Integrated circuit (IC) design companies revenue worldwide from 2017 to 2023 (in billion U.S. dollars) [Graph], TrendForce, May 9, 2024. [Online]. Available: https://www.statista.com/statistics/546477/worldwide-fabless-integrated-circuit-design-top-companies/