NVIDIA Leads 2024 Global Semiconductor Revenue Rankings

The position shift among the top 10 semiconductor vendor revenue ranking is due to large demand for AI infrastructure buildout and an increase of 73.4% in memory revenue,” said Gaurav Gupta, VP Analyst at Gartner. “NVIDIA moved to the No. 1 spot as a result of a marked increase in demand for its discrete graphic processing units (GPUs) that served as the primary choice for AI workloads in data centers.

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Worldwide semiconductor revenue totaled $655.9 billion in 2024, up 21% from $542.1 billion in 2023, according to final results by Gartner, Inc. NVIDIA climbed to the No. 1 position, overtaking Samsung Electronics and Intel for the first time.

Expert Take:

“The position shift among the top 10 semiconductor vendor revenue ranking is due to large demand for AI infrastructure buildout and an increase of 73.4% in memory revenue,” said Gaurav Gupta, VP Analyst at Gartner. “NVIDIA moved to the No. 1 spot as a result of a marked increase in demand for its discrete graphic processing units (GPUs) that served as the primary choice for AI workloads in data centers.

“Samsung Electronics retained the No. 2 spot, driven by gains in both DRAM and flash memory as prices rebounded sharply in response to an imbalance in supply and demand,” said Gupta.” Intel’s revenue grew 0.8% in 2024 as competitive threats gained momentum across all its major product lines and it was unable to take advantage of the robust increase in demand for AI processing.”

Gartner Data Snapshot: Top 10 Semiconductor Vendors by Revenue, Worldwide, 2023-2024 (Millions of U.S. Dollars)

 

2024

Rank

 

2023

Rank

 

  Vendor

  

2024 Revenue

  

2024 Market Share (%)

  

2023 Revenue

  

2024-2023 Growth (%)

1

3

NVIDIA

76,692

11.7

34,846

120.1

2

2

Samsung Electronics

65,697

10.0

40,868

60.8

3

1

Intel

49,804

7.6

49,427

0.8

4

6

SK hynix

44,186

6.7

23,077

91.5

5

4

Qualcomm

32,976

5.0

29,229

12.8

6

5

Broadcom

27,801

4.2

25,613

8.5

7

12

Micron Technology

27,619

4.2

16,153

71.0

8

7

AMD

24,127

3.7

22,307

8.2

9

8

Apple

20,510

3.1

18,052

13.6

10

13

MediaTek

15,934

2.4

13,451

18.5

 

 

Others (outside top 10)

270,536

41.2

269,031

0.6

 

 

Total Market

655,882

100.0

542,054

21.0

Source: Gartner (April 2025)

Gartner clients can learn more in “Market Share: Semiconductors by End Market, Worldwide, 2024.”

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