Gartner Says Worldwide Semiconductor Revenue Grew 21% In 2024

2025-04-14 03:19:25

(MENAFN- Asdaf News) Dubai - Asdaf News:

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.”

About Gartner for High Tech

Gartner for High Tech 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 .

Follow news and updates from Gartner for High Tech on X and LinkedIn using #GartnerHT. Visit the Gartner Newsroom for more information and insights.

MENAFN14042025007116015312ID1109428989

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.