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09-04-2024 | Companies + Institutions | Infographic | Article

Global Semiconductor Revenues Decline

Author: Christiane Köllner

1:30 min reading time

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According to Gartner, global semiconductor revenues decline. This also had a negative impact on several semiconductor manufacturers in 2023. 

The semiconductor market has had a difficult year: Global semiconductor revenue totaled 533 billion US dollars in 2023, a decline of 11.1 % compared to 2022, according to preliminary results from US market researcher Gartner. 

The weak market has also had a negative impact on several semiconductor manufacturers. Only 9 of the 25 largest semiconductor manufacturers recorded revenue growth in 2023, with 10 recording double-digit declines. The combined semiconductor revenue of the top 25 semiconductor suppliers fell by 14.1 % in 2023 and accounted for 74.4 % of the market, compared to 77.2 % in 2022.

Intel Remains Number 1 in 2023

Intel achieved the highest revenue with 48.7 billion US dollars, followed by Samsung Electronics with 39.9 billion US dollars. A year earlier, Samsung was still in first place. Nvidia's semiconductor revenue rose by 56.4 % to 24 billion US dollars in 2023, putting the company in the top five for the first time ever. According to Gartner, this is due to its leading position in the silicon market for artificial intelligence (AI). STMicroelectronics moved up three places and secured 8th place – the same position it held in 2019. The company's revenue increased by 7.7 % in 2023, which was mainly due to its strong position in the automotive segment.

Broken down into the memory and non-memory segments, the situation is as follows: According to Gartner, rveneue of memory chips will have fallen by 37 % in 2023, while revenue of all other semiconductors will only have fallen by 3 %. “Unlike the memory vendors, most non-memory vendors experienced a relatively benign pricing environment in 2023," said Joe Unsworth, VP Analyst at Gartner. "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."

This is a partly automated translation of this German article.


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