Memory Revenue Poised to Record One of the Worst Downturns in History.
Intel Regained No. 1 Spot from Samsung
Nvidia Made Debut in Top 5 Semiconductor Vendor Ranking
Worldwide semiconductor revenue in 2023 totaled
'While the cyclicality in the semiconductor industry was present again in 2023, the market suffered a difficult year with memory revenue recording one of its worst declines in history,' said
The combined semiconductor revenue of the top 25 semiconductor vendors declined 14.1% in 2023, accounting for 74.4% of the market, down from 77.2% in 2022.
Intel Regained No. 1 Spot in 2023
Following the underperformance of memory vendors in 2023, the ranking of the top 10 semiconductor vendors changed year-over-year (see Table 1).
? Intel reclaimed the No.1 spot from Samsung, after two years in the No. 2 position. Intel's 2023 revenue totaled
? Nvidia's 2023 semiconductor revenue grew 56.4% to total
?
Table 1. Top 10 Semiconductor Vendors by Revenue, Worldwide, 2023 (Billions of
2023 Rank
2022 Rank
Vendor
2023 Revenue
2023 Market Share (%)
2022 Revenue
2023-2022 Growth (%)
1
2
Intel
48.664
9.1
58.436
16.7
2
1
39.905
7.5
63.823
37.5
3
3
Qualcomm
29.015
5.4
34.780
16.6
4
6
Broadcom
25.585
4.8
23.868
7.2
5
12
NVIDIA
23.983
4.5
15.331
56.4
6
4
22.756
4.3
33.505
32.1
7
7
AMD
22.305
4.2
23.620
5.6
8
11
17.057
3.2
15.842
7.7
9
9
Apple
17.050
3.2
18.099
5.8
10
8
16.537
3.1
18.844
12.2
Others (outside top 10)
268.853
50.7
294.729
8.8
Total Market
533.025
100.0
599.562
11.1
Source: Gartner (
Memory Revenue Declined 37% in 2023
Revenue for memory products declined 37% in 2023, experiencing the biggest decline of all the segments in the semiconductor market. 'Smartphones, PCs and servers, three of the largest segments for DRAM and NAND, faced weaker than expected demand and excess channel inventory, especially in the first half of 2023,' said
In 2023, DRAM revenue declined 38.5% to total
Nonmemory Revenue Declined 3% in 2023
Nonmemory revenue fared better and declined 3% in 2023. The market witnessed weaker demand and excess channel inventory negatively impacted the segment throughout the year.
'Unlike the memory vendors, most non-memory vendors experienced a relatively benign pricing environment in 2023,' said Unsworth. 'The demand for non-memory semiconductors for AI applications was the strongest growth driver, with the automotive sector (especially electric vehicles), defense and aerospace industries, also outperforming most other application segments.'
Gartner clients can read more in 'Market Share Analysis: Semiconductors, Worldwide, 2023 (Preliminary).'
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