Worldwide semiconductor revenue in 2024 totaled US$626 billion, an increase of 18.1% from 2024, according to preliminary results by Gartner, Inc. Apple saw annual growth of 4.6% for its in-house processors.
“Graphics processing units (GPUs) and AI processors used in data center applications (servers and accelerator cards) were the key drivers for the chip sector in 2024,” says George Brocklehurst, Vice President Analyst at Gartner. “The rising demand for AI and generative AI (GenAI) workloads led data centers to become the second-largest market for semiconductors in 2024, behind smartphones. Data center semiconductor revenue totaled $112 billion in 2024, up from $64.8 billion in 2023.”
With 9 out of the top 10 semiconductor vendors recording revenue growth in 2024, the ranking of the top 10 semiconductor vendors changed year-over-year:
● Samsung Electronics reclaimed the No.1 spot from Intel and extended its lead over the company in 2024 driven by a strong rebound in memory device prices. Samsung Electronics revenue totaled $66.5 billion in 2024.
● Intel moved to the No. 2 position as its product set — AI PCs and the Core Ultra chipset — was insufficient to offset the limited success of its AI accelerator offering and the modest growth in its x86 business. Intel’s semiconductor revenue was flat at 0.1% growth in 2024.
● Nvidia continued to perform exceptionally well, increasing its semiconductor revenue by 84% in 2024, to total $46 billion. It moved up two spots to secure the No. 3 position thanks to the strength of its AI business.
Article provided with permission from AppleWorld.Today