Infographic: Top 7 Semiconductor Companies by Revenues, Q3 2024

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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Infographic: Foundry Companies' Revenue Share in Q3 2024

In Q3 2024, TSMC surpassed expectations with a remarkable 64% market share, bolstered by high utilization rates at its N5 and N3 nodes and fueled by robust AI accelerator demand and strong seasonal smartphone sales. Samsung Foundry retained the second position with a 12% market share, supported by incremental gains in its 4nm and 5nm platforms, though it faced headwinds from softer Android smartphone demand. SMIC ranked third, holding a 6% share, as it capitalized on a recovery in China's domestic demand and strong momentum in mature nodes like 28nm. UMC and GlobalFoundries followed with 5% each, with both benefitting from stabilization in key segments like IoT and communications infrastructure, even as the broader non-AI demand recovery remained sluggish.

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Infographic: Global Smartphone AP Market Share in Q3 2024

MediaTek dominated the smartphone SoC market in Q3 2024 with a 35% share. While 5G shipments remained flat, LTE chipset shipments increased. MediaTek’s premium-tier shipments are expected to rise due to the launch of the Dimensity 9400. Qualcomm captured a 25% share of the smartphone AP/SoC market during the quarter, driven by growth in the premium segment. Samsung's Galaxy Z Flip 6 and Fold 6 series drove momentum for the Snapdragon 8 Gen 3 shipments. Additionally, design wins for the Snapdragon 8 Gen 2 series chipsets from Chinese smartphone OEMs contributed to this growth. Apple accounted for a 17% share in the quarter. Its shipments increased in Q3 due to the launch of the A18 chipset. Apple this time introduced two chipsets – the A18 and A18 Pro.

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