10 Largest Semiconductor Companies In The World
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The largest semiconductor company in the world is Taiwan Semiconductor Manufacturing Co. (TSMC), which generated $75.88 billion in revenue in 2022.
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The global semiconductor industry market size reached $574.1 billion in 2022.
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1.15 trillion semiconductor units were shipped in 2021.
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The global semiconductor industry is projected to grow at a CAGR of 6.21% through 2031.
As we look ahead to 2026, the semiconductor sector is poised for robust growth, with an expected compound annual growth rate of at least 4-5% per year by 2027. This translates to an anticipated increase of nearly $315 billion compared to the total sales figures from 2019.
With semiconductors being essential components in various technologies, it’s crucial to identify the leading companies in this industry. Below, we present the top 10 semiconductor companies globally, ranked by their total revenue in 2022.
The 10 Largest Semiconductor Companies Globally
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Taiwan Semiconductor Manufacturing Co. (TSMC)
2022 Revenue: $75.881 billion
Total Assets: $152.765 billionAs the largest dedicated semiconductor foundry in the world, TSMC has rapidly expanded since its inception in 1994, boasting a compound annual growth rate (CAGR) of 17.4% in revenue. TSMC now employs over 50,000 individuals and produces more than 10 million semiconductor wafers annually, with its chips powering many of Apple’s flagship products, including the MacBook Air and iPhone.
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2022 Revenue: $65.6 billion
Total Assets: $338.758 billionFounded in 1969, Samsung Electronics is a major South Korean electronics manufacturer and a leader in the global semiconductor market, employing nearly 290,000 people across 74 countries. Its semiconductors are integral to smartphones and tablets, particularly within the Samsung Galaxy lineup, and the company also produces batteries, image sensors, and display modules, serving clients like Apple, Sony, and Nokia.
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Intel (INTC)
2022 Revenue: $63.054 billion
Total Assets: $182.103 billionHeadquartered in Silicon Valley, California, Intel has solidified its position as a leading semiconductor company since its founding in 1968, employing over 110,000 people globally. Intel is renowned for its x86 microprocessors, which are ubiquitous in laptops and PCs. The company also offers a diverse range of products, including motherboard chipsets, graphics chips, and integrated circuits, and has made numerous strategic acquisitions to bolster its market presence.
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2022 Revenue: $44.2 billion
Total Assets: $50.014 billionBased in Southern California, Qualcomm excels in semiconductor manufacturing and wireless technology. The company is known for producing chips for a broad spectrum of devices, from smartphones to automotive applications. Qualcomm has pioneered advancements in 5G technology and continues to innovate with products like its Centriq 2400 server chip.
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2022 Revenue: $33.730 billion
Total Assets: $82.27 billionSK Hynix Inc., formerly known as Hyundai Electronics, specializes in memory semiconductors and has a strong global presence with facilities in the U.S., China, and Taiwan. With over 22,000 employees in South Korea, the company’s memory chips are utilized by major clients like Apple and Dell.
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2022 Revenue: $33.2 billion
Total Assets: $72.976 billionEstablished in 1991, Broadcom is an American company based in Irvine, California, specializing in semiconductors for a wide range of applications, including computers and smartphones. Their chips are favored for their encryption capabilities, serving clients like Apple, IBM, and Nintendo.
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2022 Revenue: $30.758 billion
Total Assets: $66.520 billionMicron Technology, based in Idaho, specializes in memory and data storage solutions for computers. The company employs around 40,000 individuals and has made significant strides in product innovation, including the world’s first 1 terabyte microSD card.
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2022 Revenue: $26.914 billion
Total Assets: $41.182 billionNvidia is a pioneer in graphics processing units (GPUs), primarily serving the gaming industry with its renowned GeForce line. The company also supplies processors for a variety of applications, including supercomputing and automotive technology.
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2022 Revenue: $25.785 billion
Total Assets: $27.959 billionFounded in 1967, Applied Materials is a major player in semiconductor manufacturing equipment and materials, employing over 20,000 people. Their innovations are crucial for producing semiconductor chips and electronics across various industries.
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2022 Revenue: $20.028 billion
Total Assets: $27.207 billionTexas Instruments (TI), established over 90 years ago, is a leader in developing analog chips and embedded processors. Its historical innovations have shaped the semiconductor industry, and its products are now integral to countless electronic devices.
Semiconductor Company FAQ
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Who is the largest manufacturer of semiconductor chips?
Taiwan Semiconductor Manufacturing Co. (TSMC) is the largest manufacturer of semiconductor chips. TSMC produces approximately 90% of the advanced chips worldwide and dominates the semiconductor foundry market by revenue.
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Why is there a chip shortage?
The chip shortage has been primarily due to supply chain disruptions. While the impacts of the COVID-19 pandemic have eased, the semiconductor supply chain remains complex and vulnerable to delays. Increased consumer demand for electronics continues to challenge production capacity.
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Which country is the largest producer of semiconductors?
China is currently the largest producer of semiconductors. It accounts for 24% of global semiconductor production, followed by Taiwan at 21% and South Korea at 19%.
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Which semiconductor chips does Tesla use?
Tesla uses semiconductor chips from various suppliers, including Samsung. Samsung is set to manufacture Tesla’s next-generation hardware chip for their upcoming fleet of self-driving cars.
Final Thoughts
In today’s interconnected world, it’s nearly impossible to imagine life without smartphones, computers, and smart devices that rely on semiconductor technology. These essential components power everything from our everyday gadgets to advanced AI systems and are critical in the evolving landscape of automotive and smart home technologies.
As technology continues to advance, the demand for semiconductors will only increase, underscoring the importance of the companies that produce these vital components. The future of the semiconductor industry looks promising, with ongoing innovations driving growth and shaping the next generation of technology.
Author
Jack Flynn is a writer for Zippia. In his professional career he’s written over 100 research papers, articles and blog posts. Some of his most popular published works include his writing about economic terms and research into job classifications. Jack received his BS from Hampshire College.
