NVIDIA has pushed Intel to the third spot to become the number one in terms of revenue accrued in 2024. NVIDIA, which hogs the limelight because of the huge demand for its GPUs, reported semiconductor vendor revenue of $76.69 billion, showing a jump of 120 per cent over last year’s $34.84 billion. The GPU makers market share stands at 11.7 per cent.
“NVIDIA moved to the No. 1 spot as a result of a marked increase in demand for its discrete graphic processing units (GPUs) that served as the primary choice for AI workloads in data centres,” Gaurav Gupta, an analyst at Gartner, said.
“NVIDIA emerges as the number one player, overtaking Samsung Electronics and Intel for the first time, according to the research firm Gartner Inc.
On the other hand, Intel slid to the third spot by reporting a semiconductor revenue of $49.80 billion, stagnating at a growth rate of 0.8 per cent over last year’s revenue in the space at $ 49.27.
Gartner said the global semiconductor revenue grew 21 per cent in 2024 to reach $655.88 billion as against $542 billion in 2023.
Samsung Electronics retained its second position with a revenue growth of 60.8 per cent by clocking a semiconductor revenue of $65.69 billion in 2024, as against $40.86 billion the previous year.
“The position shift among the top 10 semiconductor vendor revenue ranking is due to large demand for AI infrastructure buildout and an increase of 73.4 per cent in memory revenue,” Gupta said.
“Samsung Electronics retained the second spot, driven by gains in both DRAM (Dynamic Random Access Memory) and flash memory as prices rebounded sharply in response to an imbalance in supply and demand,” Gupta said.
”Intel’s revenue grew 0.8 per cent in 2024 as competitive threats gained momentum across all its major product lines and it was unable to take advantage of the robust increase in demand for AI processing.”
Published on April 11, 2025
