Worldwide semiconductor revenue in 2023 totaled $533 billion, a decrease of 11.1% from 2022, according to preliminary results by Gartner, Inc.
"While the cyclicality in the semiconductor industry was present again in 2023, the market suffered a difficult year with memory revenue recording one of its worst declines in history," said Alan Priestley, VP Analyst at Gartner. "The underperforming market also negatively impacted several semiconductor vendors. Only 9 of the top 25 semiconductor vendors posted revenue growth in 2023, with 10 experiencing double-digit declines."
The combined semiconductor revenue of the top 25 semiconductor vendors declined 14.1% in 2023, accounting for 74.4% of the market, down from 77.2% in 2022.
Intel Regained No. 1 Spot in 2023
Following the underperformance of memory vendors in 2023, the ranking of the top 10 semiconductor vendors changed year-over-year (see Table 1).
● Intel reclaimed the No.1 spot from Samsung, after two years in the No. 2 position. Intel's 2023 revenue totaled $48.7 billion while Samsung's revenue reached $39.9 billion.
● Nvidia's 2023 semiconductor revenue grew 56.4% to total $24 billion, propelling the company into the top five for the first time ever. This is due to its leading position in the artificial intelligence (AI) silicon market.
● STMicroelectronics moved up three slots to secure the No. 8 spot - the same position it held in 2019. Its revenue increased 7.7% in 2023, largely driven by a strong position in the automotive segment.
Table 1. Top 10 Semiconductor Vendors by Revenue, Worldwide, 2023 (Billions of U.S. Dollars)
|
2023 Rank |
2022 Rank |
Vendor |
2023 Revenue |
2023 Market Share (%) |
2022 Revenue |
2023-2022 Growth (%) |
|
1 |
2 |
Intel |
48.664 |
9.1 |
58.436 |
-16.7 |
|
2 |
1 |
Samsung Electronics |
39.905 |
7.5 |
63.823 |
-37.5 |
|
3 |
3 |
Qualcomm |
29.015 |
5.4 |
34.780 |
-16.6 |
|
4 |
6 |
Broadcom |
25.585 |
4.8 |
23.868 |
7.2 |
|
5 |
12 |
NVIDIA |
23.983 |
4.5 |
15.331 |
56.4 |
|
6 |
4 |
SK Hynix |
22.756 |
4.3 |
33.505 |
-32.1 |
|
7 |
7 |
AMD |
22.305 |
4.2 |
23.620 |
-5.6 |
|
8 |
11 |
STMicroelectronics |
17.057 |
3.2 |
15.842 |
7.7 |
|
9 |
9 |
Apple |
17.050 |
3.2 |
18.099 |
-5.8 |
|
10 |
8 |
Texas Instruments |
16.537 |
3.1 |
18.844 |
-12.2 |
|
Others (outside top 10) |
268.853 |
50.7 |
294.729 |
-8.8 |
||
|
Total Market |
533.025 |
100.0 |
599.562 |
-11.1 |
Source: Gartner (January 2024)
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Gartner Inc. published this content on 16 January 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 January 2024 08:33:41 UTC.
