STAMFORD, Conn., April 10, 2025
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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.”
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