Top 10 Companies by Market Value in the Chip Industry in 2024
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With the rise of artificial intelligence, the chip industry has also taken off, though not every company has benefited equally.
In the 2024 global semiconductor chip company market value rankings, NVIDIA has surpassed all its peers in the chip industry, soaring to new heights.
01 NVIDIA: The Leading Chip Company
- Market Value: $1.7 trillion
- Revenue: $26.97 billion ● Profit: $4.37 billion
Zhinen Comment: NVIDIA's outstanding performance in the GPU field has made it a leader in the global semiconductor industry. Its innovative GPU technology has made significant contributions to AI computing and enjoys absolute market capitalization leadership.
02 TSMC (Taiwan Semiconductor Manufacturing Company)
● Market Cap: $616.1 billion
● Revenue: $75.9 billion ● Profit: $34 billion
Zhinen Comment: As the world's largest semiconductor foundry, TSMC's process technology has always been an industry benchmark, playing a crucial role in the global semiconductor industry. With NVIDIA leading the AI chip sector, TSMC has also become the biggest beneficiary in chip manufacturing.
03 Broadcom
● Market Cap: $581.9 billion
● Revenue: $35.8 billion ● Profit: $14 billion
Zhinen Comment: As a comprehensive technology company, Broadcom has strong business performance in the communications and semiconductor fields, and its market value reflects its influence in the market. For Broadcom, AI chips are more about network connectivity processing, which also brings indirect benefits.
04 Samsung Electronics
● Market Cap: $372.6 billion
● Revenue: $245.3 billion ● Profit: $35.2 billion
Zhinen Comment: As part of the Samsung Group, Samsung Electronics has strong operations across multiple sectors including semiconductors. The biggest challenge here is catching up with TSMC in chip manufacturing, while engaging in fierce competition with SK Hynix in HBM technology.
05 ASML (ASML)
● Market Cap: $354.5 billion
● Revenue: $22.25 billion ● Profit: $5.91 billion
Zhinen Comment: ASML, as a manufacturer of lithography machines, plays a crucial role in semiconductor production. Its market value reflects its importance in the semiconductor manufacturing sector. With the increasing global demand for chips, regions worldwide are striving to establish reliable chip manufacturing bases.
06 Advanced Micro Devices (AMD)
● Market Value: $281.5 billion Zhinen Review: As a significant player in the CPU and GPU industry, Advanced Micro Devices' (AMD) market value reflects its competitiveness in these two fields. Who would have thought it would now surpass its older brother Intel? Of course, its affordable GPUs and AI computing cards remain its killer features.
07 Intel
● Market Value: $180.8 billion
● Revenue: $63.05 billion ● Profit: $8.017 billion
Zhinen Comment: Intel, one of the world's largest CPU manufacturers, has fallen behind but continues to adapt to market changes. The viability of its chip manufacturing remains uncertain, and it has been steadily losing ground in the server sector.
08 Qualcomm
● Market Cap: $160.8 billion
● Revenue: $35.82 billion ● Profit: $7.34 billion
Zhinen Comment: As one of the world's largest wireless communication chip providers, Qualcomm plays a crucial role in the mobile communications sector. The decline in smartphone sales has significantly impacted Qualcomm, but the rise of edge AI presents promising growth opportunities.
09 Texas Instruments
● Market Cap: $144.5 billion ● Revenue: $20.03 billion
● Profit: $8.7 billion
Zhinen Comment: Texas Instruments has extensive applications in the analog and digital semiconductor fields, and its market value reflects its importance in the electronic components market. Of course, the semiconductor industry is still in the inventory reduction phase, with TI maintaining stable leadership.
10 Applied Materials ● Market Capitalization: $142.3 billion
ChipInsight Commentary: As a Silicon Valley company, Applied Materials provides critical materials and equipment for semiconductor manufacturing processes. Its market capitalization reflects its important position in the semiconductor industry chain. Undoubtedly, it still holds a strategic position.