Integrated circuit (IC) design companies revenue worldwide 2017-2023

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.