Global semiconductor market demand declined last year due to a slowdown in corporate and consumer spending. According to a report released by TechInsights, a semiconductor market research institution, the total revenue of the top 25 semiconductor suppliers was 524.545 billion US dollars (about 3.79 trillion yuan), a year-on-year decrease of 9%.
The list includes foundries and design-only companies, and covers both IC (integrated circuits) and O-S-D (optoelectronics, sensors, and discrete devices). From the perspective of headquarters location, the United States is still in a dominant position in the global semiconductor industry, with more than half of the top 25 semiconductor suppliers (13); It is followed by Taiwan, Japan and Europe with 3 each, South Korea with 2 and Chinese mainland with 1.
The threshold for entry into the list is $5.9 billion in semiconductor revenue, and no new faces have appeared. However, there has been a big change in the rankings, with 11 companies rising in the rankings, among which, benefiting from the strong demand in the automotive chip market, Infineon has risen five places to the top 10, and Microchip has also advanced five places.
11 companies fell in the rankings, and Micron, the world's third-largest memory chip manufacturer, fell out of the top ten, and semiconductor revenue fell by 34.82% last year; Affected by the decline in the global smartphone market, Apple and MediaTek fell 3 and 2 places respectively.
Qualcomm, which ranked fifth, saw its semiconductor revenue fall 16% year-on-year to $30.913 billion last year. In order to reduce the impact of sluggish demand for mobile phone terminal chips (accounting for the highest proportion of revenue) and Internet of Things chips (IoT), the company is actively promoting the layout of the automotive business, thanks to the widespread adoption of Snapdragon digital chassis solutions in the automotive industry, the revenue of automotive chips in fiscal 2023 was US$1.872 billion, an increase of 24% year-on-year. Qualcomm expects the addressable market size of the company's automotive business to grow to $100 billion by 2030.
Only 7 of the world's top 25 manufacturers have achieved an increase in semiconductor sales, and Nvidia (NVIDIA) has risen the most, soaring 102% year-on-year to $49.618 billion. The ranking also jumped from eighth to fourth. It is no exaggeration to say that Nvidia is the big winner in this wave of artificial intelligence, with a market share of more than 80% of its AI chips. Founder Jensen Huang's net worth has also risen, ranking in the top 20 of the Forbes Global Billionaires List for the first time with $77 billion, a full 58 places.
Some people are happy, some people are sad, last year, 18 manufacturers saw a decline in semiconductor sales, especially the memory manufacturers fell the most. As the world's largest memory chip company, Samsung (Samsung) naturally bore the brunt, with revenue falling 34% to $50.904 billion, the lowest since 2016, and falling to third in the overall industry.
Intel rose to second, but semiconductor revenue fell 14% year-on-year to 51.505 billion yuan. Although it is still leading in the PC processor market, it has faced strong challenges from Nvidia and AMD in the server and data center chip market in recent years.
Under the wave of artificial intelligence, Intel tried to make a difference, launching the Gaudi 3 AI accelerator and claiming that its performance surpassed that of the Nvidia H100 in some aspects. At the same time, it is working hard to promote the development of AI PCs, and plans to achieve more than 100 million Core Ultra chip shipments within two years. These moves have exposed Intel's layout and ambitions in the field of AI, but the competition in this field is more intense, and it remains to be seen how it performs.
Taiwan Semiconductor Manufacturing Company (TSMC) rose to the first place, although revenue fell 9% year-on-year to US$69.276 billion (about 501.2 billion yuan). Founded in 1987, it has subsidiaries or offices in North America, Europe, Japan, China, South Korea and other places, with customers including Apple, NVIDIA, etc.
With the recovery of the global semiconductor boom, the effective destocking of the industrial chain, and the continuous outbreak of artificial intelligence applications, TSMC's revenue is expected to reach $87.315 billion in 2024, and AI revenue will exceed $10 billion for the first time, reaching $11.4 billion to $12.3 billion.
Attached: Ranking of the world's top 25 semiconductor suppliers in 2023
1-5: TSMC, Intel, Samsung, NVIDIA, Qualcomm
6-10: Broadcom, SK hynix, AMD, Infineon, STMicroelectronics
11-15: Micron, Texas Instruments, Apple, MediaTek, NXP
16-20: Analog Devices, Sony, Renesas, Microchip, onsemi
21-25: GF, UMC, Kioxia, SMIC, Western Digital-SanDisk