STAMFORD, Conn., April 10, 2025
- Gartner client? Log in for personalized search results.
Gartner Says Worldwide Semiconductor Revenue Grew 21% in 2024
Overview
- NVIDIA Took No. 1 Position for the First Time Reaching 11.7% Market Share
- Samsung Electronics Remained in No. 2 Spot, While Intel Dropped to No. 3 Ranking
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 (see Table 1).
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.”
Table 1: 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.”
About Gartner for High Tech Leaders & Providers
Gartner for High Tech Leaders & Providers equips tech leaders and their teams with role-based best practices, industry insights and strategic views into emerging trends and market changes to achieve their mission-critical priorities and build the successful organizations of tomorrow. Additional information is available at www.gartner.com/en/industries/high-tech.
Follow news and updates from Gartner for High Tech on X and LinkedIn using #GartnerHT. Visit the Gartner Newsroom for more information and insights.
About Gartner
Gartner (NYSE: IT) delivers actionable, objective business and technology insights that drive smarter decisions and stronger performance on an organization’s mission-critical priorities. To learn more, visit gartner.com.