Since its private market inception in the late 1960s to early 1970s, the global semiconductor industry has become an integral reason and part of our modern computer-driven world. The semiconductor industry was and very much still is absolutely crucial for today’s technology landscape and is responsible for powering the world’s most cutting-edge electronics, such as computers and smartphones. In fact, with the ever-growing demand for faster, better, and more efficient technology, the semiconductor industry has seen a particular tremendous growth over the past few decades.
As such, the competition among the largest semiconductor companies in the world is fierce. These leading companies are responsible for producing some of the most sophisticated integrated circuits (“microchips”), transistors, and other semiconductor products on the market today. Their products are not just only used in computers or smartphones these days but are increasingly also needed in cars and all sorts of electronic home devices, medical devices, and many sorts of industrial machines.
The following ranking lists the Top 10 largest semiconductor companies in the world by achieved revenue in the semiconductor sector.
Note: Only revenue generated from semiconductor products is counted in the ranking of the largest semiconductor companies in the world. Revenue a company may have generated in other business sectors is disregarded.
The 10 Largest Semiconductor Companies in the World 2023
1. Taiwan Semiconductor Manufacturing Company
Taiwan Semiconductor Manufacturing Company (TSMC) is the largest semiconductor company in the world by revenue. More precisely, it is the world’s largest dedicated independent semiconductor foundry and therefore plays a major and crucial role in the global semiconductor market and the worldwide market for electronics of all sorts. The Taiwanese company’s main business is the manufacture of high-tech cutting-edge integrated circuits in a variety of semiconductor technologies.
TSMC has been a leader in the semiconductor industry for over three decades now. The company is particularly well known for its advanced process technologies and has a portfolio of over 30 different process nodes that range from 3 nm to 28 nm. It is also the world’s largest contract manufacturer of semiconductors and has some of the world’s largest tech companies as its customers such as for instance Apple. TSMC is also known for its advanced research and development capabilities, which include the almost exclusive use of modern high-tech technologies such as extreme ultraviolet (EUV) lithography, which is used to manufacture the most advanced integrated circuits.
Samsung is the second-largest semiconductor company in the world. The South Korean company offers a wide range of products in both consumer and industrial electronics. Samsung is also, and perhaps best known, for being the world’s largest manufacturer of smartphones. As the world’s second-largest manufacturer of semiconductors and an integrated device manufacturer (IDM), the company produces a number of semiconductor products such as transistors, integrated circuits, and memory devices, giving the company the ability to design and produce the semiconductor products needed for electronic devices largely within the company structures.
Samsung has been particularly known as an innovative global leader in the memory branch within the semiconductor industry, having introduced a big number of innovations and new technologies in the semiconductor memory field over the last few decades as well as being a leading manufacturer of both random-access memory (RAM) and non-volatile memory (NVM) solutions, especially within the solid-state drive (SSD) segment. As the largest smartphone manufacturer, Samsung is also producing mobile (micro) processors.
Intel is the third-largest semiconductor company in the world but at the same time also the world’s largest manufacturer of both central processing units (CPUs) and graphics processing units (GPUs) for personal computers (PCs). Most PCs, laptops, and many server systems on the global market are equipped with microprocessors by Intel. The American California-based company also makes its own microchips, as well as whole complete devices related to communications and computing, both in the consumer and business markets.
Aside from its market dominance in the personal computer segment, Intel is also a major supplier of chips used in smartphones, tablets, and other mobile devices. Founded in 1968, Intel has been one of the first major driving forces in the advancement of semiconductor technology and has helped and continues to shape the modern computing industry.
Qualcomm is another leading California-based American semiconductor company and the fourth-largest in the world. The company focuses particularly on developing semiconductor products and devices for the telecommunications industry. Founded in 1985, Qualcomm has since been known for its crucial involvement or outright development of various innovative and revolutionizing breakthrough mobile communication technologies and standards such as CDMA, GSM, 4G, and 5G.
Today, Qualcomm is the world’s leading supplier of baseband processors and mobile processors for smartphones, tablets, and other mobile devices. It is also the leading patent holder for various wireless communication standards. Most smartphones sold today in the world, use technology or products developed by Qualcomm.
SK comes fifth among the largest semiconductor companies in the world by revenue. The South Korean company was founded in 1953 and today forms a giant conglomerate with numerous subsidiaries active in various industries. SK’s primary business involves the energy industry, in which the company develops energy solutions and substances with a particular focus on sustainable energy generation. The conglomerate is also involved in the chemical industry, as well as in the telecommunications and IT industries.
In 2012, SK managed to acquire the fellow South Korean semiconductor company Hynix and since then has additionally become heavily involved in the semiconductor industry under its created ‘SK Hynix’ subsidiary. SK Hynix specializes in the production of both dynamic random access memory (DRAM) and non-volatile memory (NVM) chips, especially NAND flash memory. The company is also known for its cutting-edge technologies, such as advanced semiconductor packaging, memory design, and process technology. As such SK, through its SK Hynix subsidiary, has managed to establish itself as a major global memory chip supplier to big tech companies like Apple.
6. Micron Technology
Micron Technology is another leading global semiconductor company that designs, manufactures, and markets a wide range of semiconductor memory and storage solutions. Founded in 1978, the Idaho-based American company has grown from a small start-up to one of the leading global manufacturers of memory and storage technology. The company makes products for both the business as well as consumer markets. Its consumer products are sold under the company’s “Crucial” and “SpecTek” brands.
Micron offers a broad portfolio of both random-access and non-volatile memory products including DRAM, NOR, and NAND, the latter of which Micron helped develop in cooperation with fellow American semiconductor company Intel. The company also offers custom memory foundry solutions for automotive and other industrial applications.
Nvidia is seventh among the largest semiconductor companies in the world. The California-based American company designs, manufactures, and markets a wide range of products related to graphics and is the world’s largest manufacturer of graphics processing units (GPUs). Nvidia’s GPUs are widely used for graphic-intense activities such as video gaming, video editing, and multiple AI applications. Aside from its consumer business, Nvidia also produces a wide range of products for industrial clients, such as the automobile industry. Since 2022, the company has also started to make AI-powered central processing units (CPUs).
But first and foremost, Nvidia has been an innovator in the field of graphics and AI and is at the forefront of the development of these technologies. In addition to its products, the company also provides comprehensive training, deep learning, and AI development solutions to its customers, establishing Nvidia not only as a leader in the GPU segment of the semiconductor industry but also in the overall artificial intelligence segment.
Broadcom is another American California-based semiconductor company that finds itself among the top ten largest semiconductor companies in the world. The company designs, develops, manufactures, and markets a wide range of semiconductor microchips that are used in a variety of applications, such as mobile, networking, storage, computing, automotive, aerospace, industrial and more. Broadcom’s products are used by a number of leading tech companies, including Apple, Samsung, Microsoft, Dell, and HP. The company is a major supplier to the telecommunications and networking industries as well, providing a range of semiconductor products such as wireless communications chips.
In addition to its core semiconductor business, Broadcom is also involved in the software business and also belongs to the largest software companies in the world.
9. Applied Materials
Applied Materials comes in ninth place among the largest semiconductor companies in the world. The California-based American company is the global leader in the development and manufacture of, among others, deposition, thermal processing, ion implantation, and wafer inspection components that are crucial and needed for making semiconductor products. Founded in 1967, the company has therefore been one of the most impactful companies in the earlier days of the semiconductor industry and particularly responsible for the success of the American semiconductor industry. Applied Materials equipment is still globally used to manufacture semiconductor chips for various applications.
Applied Materials is also a global leader in the manufacturing of equipment used in the making of semiconductor components for televisions, computer monitors, and other display-based devices. Most advanced microchips and displays that are coming on the global market these days were manufactured using at least some components that were made by Applied Materials.
10. Advanced Micro Devices
Advanced Micro Devices (AMD) completes the ranking of the ten largest semiconductor companies in the world. AMD specializes in the production of central processing units (CPUs) and graphics processing units (GPUs). Founded in 1969, the American company, too, belongs to one of the enterprises that were integral to the rise and success of California’s Silicon Valley. AMD’s CPUs and GPUs are widely used in personal computers and laptops across the world, but also in gaming consoles and some other electronic devices.
Especially in recent years, the company managed to introduce a number of innovations and benchmarks in the overall CPU and GPU market, establishing itself as a high-tech innovator within the semiconductor microchip industry.
The Top 10 Largest Semiconductor Companies in the World 2023
(as of March 2023)
|Top 10 Largest Semiconductor Companies in the World
|1. TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY
Semiconductor Revenue: $74.1 billion
Semiconductor Revenue: $65.6 billion
Semiconductor Revenue: $63.1 billion
Semiconductor Revenue: $44.2 billion
Semiconductor Revenue: $34.2 billion
|6. MICRON TECHNOLOGY
Semiconductor Revenue: $30.8 billion
Semiconductor Revenue: $27.0 billion
Semiconductor Revenue: $25.82 billion
|9. APPLIED MATERIALS
Semiconductor Revenue: $25.8 billion
|10. ADVANCED MICRO DEVICES
Semiconductor Revenue: $23.6 billion
|The 10 largest semiconductor companies in the world by revenue generated within the semiconductor industry. Revenue a company achieved in other business segments is not counted in this ranking.