Overview

In Q3 2024, Samsung retained its position as the #1 player in the global semiconductor market. However, its market share decreased to 12.4% from 13% in Q2 2024, primarily due to lower-than-expected inventory valuation gains. Samsung's outlook for Q4 2024 appears mixed, impacted by delays in HBM3e and ongoing weaknesses in low-end memory shipments and pricing. SK hynix secured the #2 spot, reporting an impressive revenue growth of 94% YoY, driven by strong demand for HBM, particularly from data center customers such as NVIDIA. Qualcomm took the #3 position, with its semiconductor revenue enhanced by resilient growth in the automotive sector. The company is optimistic about its smartphone business, having raised its Q1 FY25 guidance while observing a mild recovery in the IoT segment. Intel, however, continued to experience weakness in Q3 2024 due to its nascent advanced chipmaking sales. Its advanced packaging business now supports foundry revenue and promotes alliances such as UCIe, which advances signal interconnection standards for chiplets. Micron, recognized as one of the beneficiaries of AI growth, ranked #5. Broadcom and NVIDIA capitalized on broad AI applications, securing the #6 and #7 positions, respectively. Broadcom's AI revenue surged by 220% YoY in Q3 2024 and more than tripled by year end. For NVIDIA, the modernization of data centers to handle AI workloads, combined with unprecedented demand for H200 and Blackwell GPUs, resulted in a remarkable 112% YoY increase in data center revenue.

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