Worldwide semiconductor revenue totaled $655,9-billion in 2024, up 21% from $542,1-billion in 2023, according to final results by Gartner.
Nvidia climbed to the number one position, overtaking Samsung Electronics and Intel for the first time.
“The position shift among the top 10 semiconductor vendor revenue ranking is due to large demand for AI infrastructure buildout and an increase of 73,4% in memory revenue,” says Gaurav Gupta, vice-president analyst at Gartner. “Nvidia moved to the number one spot as a result of a marked increase in demand for its discrete graphic processing units (GPUs) that served as the primary choice for AI workloads in data centres.
“Samsung Electronics retained the number two spot, driven by gains in both DRAM and flash memory as prices rebounded sharply in response to an imbalance in supply and demand,” saus Gupta.
“Intel’s revenue grew 0,8% in 2024 as competitive threats gained momentum across all its major product lines and it was unable to take advantage of the robust increase in demand for AI processing.”
Gartner Data Snapshot: Top 10 Semiconductor Vendors by Revenue, Worldwide, 2023-2024 (Millions of US Dollars)
|
2024 Rank |
2023 Rank |
Vendor |
2024 Revenue |
2024 Market Share (%) |
2023 Revenue |
2024-2023 Growth (%) |
| 1 | 3 | NVIDIA | 76,692 | 11.7 | 34,846 | 120.1 |
| 2 | 2 | Samsung Electronics | 65,697 | 10.0 | 40,868 | 60.8 |
| 3 | 1 | Intel | 49,804 | 7.6 | 49,427 | 0.8 |
| 4 | 6 | SK hynix | 44,186 | 6.7 | 23,077 | 91.5 |
| 5 | 4 | Qualcomm | 32,976 | 5.0 | 29,229 | 12.8 |
| 6 | 5 | Broadcom | 27,801 | 4.2 | 25,613 | 8.5 |
| 7 | 12 | Micron Technology | 27,619 | 4.2 | 16,153 | 71.0 |
| 8 | 7 | AMD | 24,127 | 3.7 | 22,307 | 8.2 |
| 9 | 8 | Apple | 20,510 | 3.1 | 18,052 | 13.6 |
| 10 | 13 | MediaTek | 15,934 | 2.4 | 13,451 | 18.5 |
| Others (outside top 10) | 270,536 | 41.2 | 269,031 | 0.6 | ||
| Total Market | 655,882 | 100.0 | 542,054 | 21.0 |
Source: Gartner (April 2025)