Intel has overtaken Samsung as the world’s largest chipmaker, according to the latest data from Counterpoint Research. Samsung’s chip division revenue experienced a substantial 38% drop, falling from $70.2 billion in 2022 to $43.4 billion in 2023. This decline is attributed to the downturn in the memory chip market and challenges in attracting customers for its advanced manufacturing processes.
While Intel also faced a decline in revenue, the drop was less severe, positioning the company ahead of Samsung in the global semiconductor ranking for 2023. Intel’s revenue decreased by 15%, going from $59.8 billion in 2022 to $50.5 billion in 2023.
NVIDIA’s Remarkable Surge in Rankings
In contrast to many semiconductor companies facing revenue setbacks, NVIDIA emerged as a standout performer. The company experienced a notable 86% growth in revenue, soaring from $16.3 billion in 2022 to an impressive $30.3 billion in 2023. This exceptional growth propelled NVIDIA from its 10th position in 2022 to claim the third spot in the global semiconductor chip market in 2023.
Samsung relinquishing its title as the world’s largest semiconductor chipmaker marks a significant industry development. NVIDIA’s ascent, driven by the surge in demand for artificial intelligence and high-powered GPUs for cloud servers, showcases the evolving dynamics within the semiconductor sector.
Global Semiconductor Rankings Overview
Qualcomm secured the fourth position with revenues of $30.2 billion in 2023, representing a 17% decrease from the previous year’s $36.3 billion. Broadcom maintained its fifth position, boasting $30 billion in revenue, marking a 13% increase from 2022. SK Hynix, a key competitor for Samsung in the memory chip market, experienced a 33% drop in revenue to $23.6 billion. AMD saw a slight decrease of 4%, with revenue falling from $23.6 billion in 2022 to $22.6 billion in 2023. Texas Instruments landed in seventh place with a 12% revenue decline from $20 billion in 2022 to $17.5 billion in 2023.
Future Outlook for Samsung
Despite the setback in 2023, Samsung anticipates a rebound in 2024. The company foresees increased demand for memory chips and a rise in memory chip prices compared to the previous year, contributing to a positive trajectory for Samsung’s semiconductor division.
Source: sammobile Intel Overtakes Samsung as World’s Biggest Semiconductor Chip Company
