Intel becomes the world’s biggest semiconductor chip maker

Intel has surpassed Samsung to become the world’s biggest semiconductor chip maker. According to Counterpoint Research, the global semiconductor space experienced a revenue decline of 8.8%. Notably, the world’s biggest semiconductor chip maker, Samsung Electronics, suffered heavily. This means the Korean major earned $26.8 billion less than it did last year. 2022’s $70.2 billion fell to $43.4 billion in 2023; a big 38% drop. And it’s believed that it happened because the market for memory chips was not doing well. Subsequently, Samsung also struggled to find clients. Well, it doesn’t come unsurprising as Samsung had pointed out something similar last year.

Intel becomes the world’s biggest semiconductor chip maker

There’s an age-old adage, “One man’s loss is another man’s gain.” Similarly, Intel capitalized on Samsung’s setback to secure a leading position, notwithstanding the slightly sluggish market conditions. It’s worth noting that Intel, too, experienced a negative year-on-year growth, with a reported 16% decline. However, despite the downturn in revenue, it successfully emerged as the top earner in the semiconductor industry.

As per the report, NVIDIA is the clear winner among the ten biggest semiconductor chip makers. The report shows 86% year-on-year growth for the company and its revenue jumping from 16.3 billion to 30.3 billion. The list’s other biggest semiconductor chip makers include Qualcomm, Broadcom, SK Hynix, AMD, TI, Infineon, and STM.

Is AI making the waves?

The influence of artificial intelligence (AI) on the semiconductor industry is an undeniable statement. According to Counterpoint Research, William Li imagines artificial intelligence as “a major organic growth driver in the semiconductor industry in 2024.” Notably, NVIDIA and AMD stand out among the companies that experienced increased sales of computer chips, attributed to the rising demand for artificial intelligence (AI) and powerful components in cloud servers. Nvidia, in particular, reaped substantial benefits. Both companies have strategic plans to expand their AI-related ventures in the future, seizing the current opportunity and positioning themselves for sustained growth in the years ahead.