2023 Semiconductor Report Shows TSMC On Top of The List With NVIDIA Gaining Big, Intel 2nd & AMD At 8th Position – Wccftech
TSMC remained dominant in the semiconductor industry while NVIDIA grew by 102% in 2023, according to a market research firm.
The demand for AI has significantly fueled revenue flows in the semiconductor industry, which is why we have seen companies like TSMC oversee exponential growth. According to the McClean report at TechInsights, the Taiwan giant was one of the best players in the industry, overthrowing Samsung Foundry and Intel in terms of revenue generated in FY23. This report is nothing surprising since the industry activities replicate the same situation. Here is how.
TSMC’s dominance over the semiconductor markets has massively increased since every other firm involved in the AI race, whether it is NVIDIA or AMD, acquires crucial manufacturing components from the Taiwan giant, including packaging facilities and cutting-edge chip processes. TSMC has become the hub for firms to look towards during the “supply time,” and this is why the firm’s involvement has tremendously upscaled. TSMC’s estimated sales in FY23 are reported to be around the $70 billion mark, and while it is a slight YoY decrease, the firm remained overall bullish in the markets.
Regarding hierarchy, TSMC outperformed much better financially than Samsung Foundry, placing itself at the top of the list. Behind TSMC came Intel, and Samsung dropped down to the third position, which is unfortunate since the Korean giant saw a whopping 34% YoY drop in revenue courtesy of the downtrend in the memory markets, which was a massive blow for the firm.
However, the hidden horse here was none other than NVIDIA, gaining a massive 105% increase in yearly revenue, reaching $49.6 billion. Remember that this number is just for the semiconductor markets, not the AI-focused computing ones, where Team Green gained figures in “hundreds of billions.”
The overall market momentum still looks the same going into 2024, as companies such as NVIDIA plan on unveiling their next-gen AI (Blackwell) products, which look to bring in yet again colossal demand, as discussed in a previous post. Since artificial intelligence is here to stay, it might not take a long time before TSMC shows shocking growth figures, potentially reaching the trillion-dollar club soon.
News Source: HKEPC
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