Gartner on Friday reported a position shift among the top 10 semiconductor vendor revenue rankings triggered by large demand for AI infrastructure buildout and an increase of 73.4% in memory revenue.
Interestingly, NVIDIA took the lead position for the first time claiming a 11.7% market share, Samsung Electronics retained its number two rating while Intel dropped to third ranking.
‘’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% in memory revenue,”said Gaurav Gupta, VP Analyst at Gartner.
Accordingly, NVIDIA moved to the number 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 centers, he commented.
“Samsung Electronics retained the number two 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,” he said adding Intel’s revenue grew 0.8% 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.
According to the Stamford-based research firm, worldwide semiconductor revenue totalled $655.9 billion in 2024, up 21% from $542.1 billion in 2023.
India’s preparedness
Meanwhile, industry apex bodies India Electronics and Semiconductor Association (IESA) and SEMI unanimously said India was fast positioning itself as a key player in the global semiconductor ecosystem.
Ashok Chandak, President, IESA said with rising global demand for semiconductors driven by AI, 5G, EVs, IoT, and advanced computing, the country was leveraging its talent, policy push, and strategic location to become a hub for semiconductor innovation and manufacturing.
Under the Union government’s Semicon India Programme, a ₹76,000 crore incentive package has been launched to boost domestic chip manufacturing, advanced packaging, and semiconductor design. Coupled with strong participation from industry, over $20 billion in investments have already been committed by IESA member companies and global players across multiple Indian states, as per IESA.
In addition to MeitY-approved key projects, many semiconductor initiatives have garnered strong support from various state governments, with several prominent Indian corporates actively participating—demonstrating the sector’s growing momentum nationwide, observed Ashok Chandak, President, IESA and SEMI, a band of electronics design, manufacturing and supply chain firms.
Some of these live projects include semicon ventures by Polymatech, HCL, RRP Electronics, Suchi Semiconductors, RIR, and CDIL, reflecting a broad-based commitment to building India’s semiconductor capabilities.
‘’Recognising this transformative opportunity, many states have stepped up by introducing tailored semiconductor and electronics manufacturing policies,’‘ said Veerappan, Chairperson, IESA.
Published – April 11, 2025 08:59 pm IST
