Infographic: Top 7 Semiconductor Companies by Revenues, Q2 2024
Overview:
In Q2 2024, Samsung claimed the #1 position in the global semiconductor market, leveraging robust demand from the memory sector, particularly for DDR5 and storage solutions tailored for generative AI. NVIDIA secured the #2 position, boasting impressive revenue growth of 122% YoY driven by its leadership in AI and a sales surge in the data center segment. Meanwhile, Intel reported a net loss of $1.6 billion, as CEO Pat Gelsinger emphasized that the company was undergoing "some of the most consequential changes in our company's history", including a $10-billion cost-reduction plan involving a 15% workforce reduction. SK hynix and Micron also capitalized on the strong memory market, achieving sequential revenue growth and ranking #3 and #7, respectively. Qualcomm and Broadcom held the #4 & #5 position, respectively, both reporting stable revenues for Q2 2024.
Published Date: September 2024
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Category
Industry
Semiconductors
Service
Report Type
Report
Time period
Quarterly
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