Top 10 IC Design Firms Experience 49% Growth in 2024, NVIDIA Dominates Market Share

The Semiconductor Surge: A Look at 2024’s Big Players

Have you ever wondered how the world’s top integrated circuit (IC) design houses are faring in this whirlwind of technological advancement? Well, according to TrendForce, the numbers are nothing short of staggering. In 2024, these ten giants raked in about

$249.8 billion

—that’s a jaw-dropping 49% increase from the previous year! So, what’s driving this explosive growth? The answer lies in the booming AI industry, with nVidia leading the pack, boasting a remarkable

125% revenue growth

. Talk about a game-changer!

NVIDIA: The Dominant Force

NVIDIA isn’t just riding the AI wave; it’s practically surfing on a tsunami. Their revenue has skyrocketed, pushing them well ahead of the competition and solidifying their status as the

dominant player

in the IC space. As we look toward 2025, advancements in semiconductor manufacturing are set to turbocharge AI computing power even further. With large language models (LLMs) continuing to evolve, open-source models like DeepSeek are making AI more accessible, potentially slashing adoption costs. Imagine AI moving from hefty servers straight into our personal devices—now that’s a shift worth keeping an eye on!

Market Consolidation: The New Normal?

But it’s not all sunshine and rainbows. The high demand for AI-driven chips comes with its own set of challenges. TrendForce points out that these chips require substantial capital investment and tech, creating significant barriers to entry. This is leading to a tightening grip on the market, with the top five IC design companies now accounting for over

90%

of the total revenue among the top ten. NVIDIA’s H100 and H200 GPUs are flying off the shelves as cloud service providers ramp up AI server deployments, pushing NVIDIA’s revenue past

$124.3 billion

and giving them an impressive

50% market share

. And with the upcoming launch of the GB200 and GB300 series, their revenue is expected to soar even higher in 2025.

Broadcom and AMD: Riding the AI Wave

Broadcom is also feeling the AI love, with its semiconductor division generating

$30.64 billion

in revenue—an 8% increase year-over-year. AI chip sales now make up over

30%

of Broadcom’s semiconductor solutions. After a mid-year slump in 2024, the company is gearing up for a bounce-back in areas like wireless communications and server storage in 2025.

Then there’s AMD, which has snagged the fourth spot with a

14% revenue growth

, reaching

$25.79 billion

. Their server-related revenue saw a whopping

94% surge

! AMD is all in on AI PCs, servers, and HPC/AI accelerators, teaming up with big names like Dell, Microsoft, and Google to keep that growth momentum rolling.

Qualcomm and MediaTek: A Comeback Story

Qualcomm and MediaTek are shaking off past slowdowns in the smartphone market. Qualcomm’s QCT division pulled in

$34.86 billion

in 2024, reflecting a

13% year-over-year increase

. With legal disputes over ARM licensing now temporarily resolved, Qualcomm is shifting gears toward AI PCs and edge computing, eyeing a bigger slice of the high-end consumer market in 2025.

On the other hand, MediaTek is riding high with

$16.52 billion

in revenue, marking a

19% increase

. Their strong performance in smartphones and Smart Edge solutions is paying off, with projections showing that their 5G smartphone penetration could exceed

65%

in 2025.

The Rising Stars: Realtek, Will Semiconductor, and MPS

Realtek is making waves, too, with a

16% revenue rise

to

$3.53 billion

, reclaiming the seventh spot. After a rough patch in 2023, they’ve bounced back with increased shipments in the PC and automotive sectors. Looking ahead, their networking and automotive segments are expected to be key growth drivers, particularly with Wi-Fi 7 making its mark.

Will Semiconductor is projected to hit

$3.048 billion

in revenue for 2024, up

21%

from the previous year. Their market share in CMOS Image Sensors is growing, fueled by the rising demand for high-end sensors in Android phones and the expansion of electric vehicles, especially in China.

Finally, MPS wraps up the top ten with

$2.2 billion

in revenue, also up

21%

. Their PMICs are now part of the AI server supply chain, leading to exponential growth in their Enterprise Data division.

What’s Next?

As we dive deeper into 2025, the semiconductor landscape is set to undergo significant transformations. With AI at the helm and edge devices emerging as the next big thing, the question remains: how will these companies adapt to maintain their competitive edge? One thing’s for sure—this industry is anything but static, and we’re here for the ride!

Background Information

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About AMD:

AMD, a large player in the semiconductor industry is known for its powerful processors and graphic solutions, AMD has consistently pushed the boundaries of performance, efficiency, and user experience. With a customer-centric approach, the company has cultivated a reputation for delivering high-performance solutions that cater to the needs of gamers, professionals, and general users. AMD's Ryzen series of processors have redefined the landscape of desktop and laptop computing, offering impressive multi-core performance and competitive pricing that has challenged the dominance of its competitors. Complementing its processor expertise, AMD's Radeon graphics cards have also earned accolades for their efficiency and exceptional graphical capabilities, making them a favored choice among gamers and content creators. The company's commitment to innovation and technology continues to shape the client computing landscape, providing users with powerful tools to fuel their digital endeavors.

  

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About ARM:

ARM, originally known as Acorn RISC Machine, is a British semiconductor and software design company that specializes in creating energy-efficient microprocessors, system-on-chip (SoC) designs, and related technologies. Founded in 1990, ARM has become a important player in the global semiconductor industry and is widely recognized for its contributions to mobile computing, embedded systems, and Internet of Things (IoT) devices. ARM's microprocessor designs are based on the Reduced Instruction Set Computing (RISC) architecture, which prioritizes simplicity and efficiency in instruction execution. This approach has enabled ARM to produce highly efficient and power-saving processors that are used in a vast array of devices, ranging from smartphones and tablets to IoT devices, smart TVs, and more. The company does not manufacture its own chips but licenses its processor designs and intellectual property to a wide range of manufacturers, including Qualcomm, Apple, Samsung, and NVIDIA, who then integrate ARM's technology into their own SoCs. This licensing model has contributed to ARM's widespread adoption and influence across various industries.

  

Latest Articles about ARM

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About Broadcom:

Founded in 1961, Broadcom is a leading global technology company headquartered in the United States. They specialize in semiconductor and infrastructure software solutions. Broadcom's innovations in connectivity, networking, and storage technologies have made them a key player in the industry, with a focus on enabling seamless communication and connectivity in the digital world.

  

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About Dell:

Dell is a globally technology leader providing comprehensive solutions in the field of hardware, software, and services. for its customizable computers and enterprise solutions, Dell offers a diverse range of laptops, desktops, servers, and networking equipment. With a commitment to innovation and customer satisfaction, Dell caters to a wide range of consumer and business needs, making it a important player in the tech industry.

  

Latest Articles about Dell

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About Google:

Google, founded by Larry Page and Sergey Brin in 1998, is a multinational technology company known for its internet-related services and products. Initially for its search engine, Google has since expanded into various domains including online advertising, cloud computing, software development, and hardware devices. With its innovative approach, Google has introduced influential products such as Google Search, Android OS, Google Maps, and Google Drive. The company's commitment to research and development has led to advancements in artificial intelligence and machine learning.

  

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About MediaTek:

MediaTek Inc. is a Taiwanese semiconductor company that designs and manufactures a wide range of system-on-chip (SoC) solutions for various consumer electronics, including smartphones, tablets, smart TVs, wearables, and IoT (Internet of Things) devices. Founded in 1997, MediaTek has become a important player in the semiconductor industry, known for its innovative chipsets that offer a balance of performance, power efficiency, and affordability.

  

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About Microsoft:

Microsoft, founded by Bill Gates and Paul Allen in 1975 in Redmond, Washington, USA, is a technology giant known for its wide range of software products, including the Windows operating system, Office productivity suite, and cloud services like Azure. Microsoft also manufactures hardware, such as the Surface line of laptops and tablets, Xbox gaming consoles, and accessories.

  

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About nVidia:

NVIDIA has firmly established itself as a leader in the realm of client computing, continuously pushing the boundaries of innovation in graphics and AI technologies. With a deep commitment to enhancing user experiences, NVIDIA's client computing business focuses on delivering solutions that power everything from gaming and creative workloads to enterprise applications. for its GeForce graphics cards, the company has redefined high-performance gaming, setting industry standards for realistic visuals, fluid frame rates, and immersive experiences. Complementing its gaming expertise, NVIDIA's Quadro and NVIDIA RTX graphics cards cater to professionals in design, content creation, and scientific fields, enabling real-time ray tracing and AI-driven workflows that elevate productivity and creativity to unprecedented heights. By seamlessly integrating graphics, AI, and software, NVIDIA continues to shape the landscape of client computing, fostering innovation and immersive interactions in a rapidly evolving digital world.

  

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About Qualcomm:

Qualcomm, a leading American global semiconductor and telecommunications equipment company, has played a pivotal role in shaping the modern technology landscape. Founded in 1985, Qualcomm has been at the forefront of innovation, particularly in the realm of mobile communications and wireless technology. The company's advancements have been instrumental in the evolution of smartphones, powering devices with their Snapdragon processors that deliver exceptional performance and efficiency. With a strong commitment to research and development, Qualcomm has enabled the growth of 5G technology, paving the way for faster and more connected experiences.

  

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Technology Explained

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HPC: HPC, or High Performance Computing, is a type of technology that allows computers to perform complex calculations and process large amounts of data at incredibly high speeds. This is achieved through the use of specialized hardware and software, such as supercomputers and parallel processing techniques. In the computer industry, HPC has a wide range of applications, from weather forecasting and scientific research to financial modeling and artificial intelligence. It enables researchers and businesses to tackle complex problems and analyze vast amounts of data in a fraction of the time it would take with traditional computing methods. HPC has revolutionized the way we approach data analysis and has opened up new possibilities for innovation and discovery in various fields.

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