Although revenue for the semiconductor market is $33 billion higher than a year ago and memory firms are benefitting from AI demand with quarterly revenue now exceeding $40 billion, not all companies are growing. Over 50% of the companies tracked recorded lower semiconductor revenue compared to a year ago.
Of the 125 companies tracked in both the record quarters of 4Q21 and 2Q24, more than 70% had lower semiconductor revenue in 2Q24 than in 4Q21.
“The top ten companies by revenue now account for 64% of the total market in 2Q24, the highest share on record and up seven percentage points over the five-year average of 57%,” says Omdia’s Cliff Leimbach, “a comparison to the last record revenue quarter in 4Q21 shows that the market gains are being concentrated among fewer companies. In 4Q21 the top ten held 57% of the revenue share.”
“NVIDIA continues to expand its market share, now representing 14.8% of the semiconductor market by revenue, driven by strong AI demand,” adds Leimbach, “ Intel, historically either the top or the second largest company remains in third place for the third consecutive quarter. “
