As of March 18, 2024, Nvidia ranked as one of the leading semiconductor companies in terms of market capitalization, followed by the likes of TSMC, Broadcom, and ASML. This mix of companies reflects the broad and complex nature of the semiconductor industry, with firms featuring from across all parts of the chip ecosystem.
The global semiconductor industry is dominated by companies from North America and the Asia-Pacific region. Countries such as China, Japan, South Korea, and Taiwan rank as some of the biggest markets for semiconductor equipment spending. One of the world’s leading chip-making machine manufacturers, and the only company in the world producing extreme ultraviolet lithography, or EUV, machines, is ASML based in Europe.
The European Union (EU) has set a goal for Europe to produce at least 20 percent of the world’s semiconductors by value by 2030. Semiconductor revenue in Europe is lower than in other regions, although Europe does have key strengths which could help it to achieve the ambitious targets. An example is in the production of chips for the automotive industry, with firms such as NXP Semiconductors (Netherlands) and Infineon (Germany) specializing in this field.
The semiconductor industry comprises companies that design, fabricate, assemble, test, and supply semiconductors that are suitable for various applications. The semiconductor market represents the market size of the semiconductors used in various electronics applications.
worldwide 2024, by market cap. As of March 18, 2024, Nvidia ranked as one of the leading semiconductor companies in terms of market capitalization, followed by the likes of TSMC, Broadcom, and ASML.
MarketsandMarkets anticipates the global semiconductor market Size, Share, Industry Growth, Trends & Analysis was valued at USD 529 billion in 2023 and is projected to reach USD 617 billion by 2024, registering an annual growth of 16.6% in 2024.
Largest Semiconductor Companies in the World: The top 10 semiconductors companies are Taiwan Semiconductor Manufacturing Company Limited (TSMC), Samsung Electronics, Intel, SK Hynix, Nvidia, Qualcomm, Broadcom Inc, Micron Technology, Texas Instruments, Advanced Micro Devices (AMD).
As of March 4, 2024, Nvidia was the largest semiconductor company of United States origin in terms of market capitalization, amounting to 2.12 trillion U.S. dollars. Broadcom ranked second with a market cap of 659.4 billion U.S. dollars, followed by the likes of AMD, Intel, and Qualcomm.
2024 is now predicted to see global sales of US$588 billion. Not only would that be 13% better than 2023, but it's 2.5% higher than 2022's record industry revenues of US$574 billion.
IC sales are forecast to strengthen in Q1 2024 with 18% YoY growth. Capital expenditures and fab utilization rates are expected to see a mild recovery starting in Q1 2024 after significant declines in the second half of 2023.
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