20 World’s Largest Semiconductor Companies

 

20 World’s Largest Semiconductor Companies- According to the Annual Report 2023, there are 20 World’s Largest Semiconductor Companies. Basically, these companies have popular semiconductor products used in several electronic products. Many people probably have used their launched products to help with their activities. In addition, in the financial aspects, these companies have billions of US Dollar (USD) of total assets and total revenue.

Principally, Semiconductors are materials which have electrical conductivity between conductors (a material that easily conducts electric current like metals) and insulators (materials that do not conduct heat or electricity well like glass or rubber). Based on its compositions, Semiconductors are typically made from certain elements such as silicon, Germanium, or compounds like gallium arsenide. Functionally, the conductivity of semiconductors can be controlled and modified through doping (adding impurities) or by applying electric fields, light, or heat. Because of their characteristics, semiconductors are essential components in a wide range of electronic devices.

In our daily life, Semiconductors can be apply into some devices which human usually used in various industries, namely information technology (central processing unit (CPUs), graphics processing unit (GPUs), and memory chips), consumer electronics (Smartphones, tablets, and wearables),  automotive (electric vehicles, sensors, and autonomous driving systems), healthcare (medical imaging devices and diagnostic equipment), renewable energy (solar panels and wind turbine control systems) and others.

Here are the rankings of 20 world’s largest Semiconductor Companies in 2023. All of the data were obtained from the annual report of the companies in 2023. In this article, we just show the financial conditions (the total assets and total liabilities) obtained from the balance sheet, annual report 2023 and business performance (total revenue and net income/loss) obtained from the income statements of the annual report.

 

The Rank of 20 World’s Largest Semiconductor Companies Based on Total Assets in 2023

 

Rank	Semiconductor Companies	Total Assets in 2023	Total Assets in 2023	Total Liabilities in 2023	Total Liabilities in 2023
		(Origin Currency)	(US Dollar)	(Origin Currency)	(US Dollar)
1	Samsung Electronics	KRW 455 trillion	USD 313 billion	KRW 92 trillion	USD 63 billion
2	Intel Corp.	USD 191 billion	USD 191 billion	USD 82.6 billion	USD 82.6 billion
3	Taiwan Semiconductor Manufacturing Co. Ltd.	USD 180 billion	USD 180 billion	USD 67.8 billion	USD 67.8 billion
4	Broadcom Inc.	USD 72.8 billion	USD 72.8 billion	USD 48.8 billion	USD 48.8 billion
5	SK Hynix	KRW 100 trillion	USD 69 billion	KRW 46.5 trillion	USD 32 billion
6	Advanced Micro Devices Inc (AMD)	USD 67.8 billion	USD 67.8 billion	USD 12 billion	USD 12 billion
7	Nvidia Corp	USD 65.7 billion	USD 65.7 billion	USD 22.7 billion	USD 22.7 billion
8	Micron Technology, Inc.	USD 64.2 billion	USD 64.2 billion	USD 20.1 billion	USD 20.1 billion
9	Qualcomm Inc.	USD 51 billion	USD 51 billion	USD 29.4 billion	USD 29.4 billion
10	Analog Devices, Inc.	USD 48.7 billion	USD 48.7 billion	USD 13.2 billion	USD 13.2 billion
11	Texas Instruments Incorporated	USD 32.3 billion	USD 32.3 billion	USD 15.4 billion	USD 15.4 billion
12	Infineon Technologies AG	EUR 28.4 billion	USD 31.5 billion	EUR 11.3 billion	USD 12.5 billion
13	NXP Semiconductors N.V.	USD 24.3 billion	USD 24.3 billion	USD 15.7 billion	USD 15.7 billion
14	STMicroelectronics	USD 24.4 billion	USD 24.4 billion	USD 7.6 billion	USD 7.6 billion
15	Marvell Technology, Inc.	USD 21.2 billion	USD 21.2 billion	USD 6.3 billion	USD 6.3 billion
16	MediaTek	TWD 635 billion	USD 19.7 billion	TWD 260 billion	USD 8 billion
17	GlobalFoundries Inc	USD 18 billion	USD 18 billion	USD 6.9 billion	USD 6.9 billion
18	United Microelectronics Corporation	USD 17.8 billion	USD 17.8 billion	USD 6.6 billion	USD 6.6 billion
19	Microchip Technology Incorporated	USD 15.8 billion	USD 15.8 billion	USD 9.2 billion	USD 9.2 billion
20	Synopsys Inc.	USD 10.3 billion	USD 10.3 billion	USD 4.1 billion	USD 4.1 billion
21	Arm Holdings PLC	USD 8 billion	USD 8 billion	USD 2.7 billion	USD 2.7 billion
22	Qorvo, Inc.	USD 6.5 billion	USD 6.5 billion	USD 2.9 billion	USD 2.9 billion
23	Monolithic Power Systems, Inc.	USD 2.4 billion	USD 2.4 billion	USD 0.38 billion	USD 0.38 billion
Source: Annual Report, 2023
Origin Currency: Currency officially used in Annual Report of 2023
US Dollar: Converted Currency from Origin Currency to US Dollar (USD) based on Currency rates
Currency Rates:
	1 Euro (EUR) = 1.1 US Dollar (USD)
	1 Taiwan Dollar (TWD = 0.031 US Dollar (USD)
	1 Korean Won (KRW) = 0.00069 US Dollar (USD)

 

 

The rank above showed the total assets and total liabilities of the semiconductor companies in 2023 and the rank was arranged based on the total assets. All of the data were obtained from the Annual Report 2023, and the specific value can be found in the balance sheet segment of the annual report.

 

The Rank of 20 World’s Largest Semiconductor Companies Based on Net Income/Loss in 2023

 

Rank	Semiconductor Companies	Total Revenue in 2023	Total Revenue in 2024	Net Income in 2023	Net Income in 2024
		(Origin Currency)	(US Dollar)	(Origin Currency)	(US Dollar)
1	Nvidia Corp	USD 60.9 billion	USD 60.9 billion	USD 29.7 billion	USD 29.7 billion
2	Taiwan Semiconductor Manufacturing Co. Ltd.	USD 70.5 billion	USD 70.5 billion	USD 27.7 billion	USD 27.7 billion
3	Broadcom Inc.	USD 35.8 billion	USD 35.8 billion	USD 14 billion	USD 14 billion
4	Samsung Electronics	KRW 258 trillion	USD 178 billion	KRW 15.4 trillion	USD 10.6 billion
5	Qualcomm Inc.	USD 35.8 billion	USD 35.8 billion	USD 7.2 billion	USD 7.2 billion
6	Texas Instruments Incorporated	USD 17.5 billion	USD 17.5 billion	USD 6.5 billion	USD 6.5 billion
7	STMicroelectronics	USD 17.3 billion	USD 17.3 billion	USD 4.2 billion	USD 4.2 billion
8	Analog Devices, Inc.	USD 12.3 billion	USD 12.3 billion	USD 3.3 billion	USD 3.3 billion
9	Infineon Technologies AG	EUR 16.3 billion	USD 18 billion	EUR 3.1 billion	USD 3.4 billion
10	NXP Semiconductors N.V.	USD 13.2 billion	USD 13.2 billion	USD 2.8 billion	USD 2.8 billion
11	MediaTek	TWD 433 billion	USD 13.4 billion	TWD 77.1 billion	USD 2.4 billion
12	Microchip Technology Incorporated	USD 7.6 billion	USD 7.6 billion	USD 1.9 billion	USD 1.9 billion
13	United Microelectronics Corporation	USD 7.2 billion	USD 7.2 billion	USD 1.9 billion	USD 1.9 billion
14	Synopsys Inc.	USD 5.3 billion	USD 5.3 billion	USD 1.2 billion	USD 1.2 billion
15	GlobalFoundries Inc	USD 7.3 billion	USD 7.3 billion	USD 1 billion	USD 1 billion
16	Advanced Micro Devices Inc (AMD)	USD 22.6 billion	USD 22.6 billion	USD 0.85 billion	USD 0.85 billion
17	Monolithic Power Systems, Inc.	USD 1.8 billion	USD 1.8 billion	USD 0.42 billion	USD 0.42 billion
18	Arm Holdings PLC	USD 3.3 billion	USD 3.3 billion	USD 0.19 billion	USD 0.19 billion
19	Qorvo, Inc.	USD 3.7 billion	USD 3.7 billion	(USD -0.07 billion)	(USD -0.07 billion)
20	Marvell Technology, Inc.	USD 5.5 billion	USD 5.5 billion	(USD -0.93 billion)	(USD -0.93 billion)
21	Micron Technology, Inc.	USD 15.4 billion	USD 15.4 billion	(USD -5.8 billion)	(USD -5.8 billion)
22	SK Hynix	KRW 32.7 trillion	USD 22.5 billion	(KRW -9.1 trillion)	(USD -6.2 billion)
23	Intel Corp.	USD 54.2 billion	USD 54.2 billion	(USD -19 billion)	(USD -19 billion)
Source: Annual Report, 2023
Origin Currency: Currency officially used in Annual Report of 2023
US Dollar: Converted Currency from Origin Currency to US Dollar (USD) based on Currency rates
Currency Rates:
	1 Euro (EUR) = 1.1 US Dollar (USD)
	1 Taiwan Dollar (TWD = 0.031 US Dollar (USD)
	1 Korean Won (KRW) = 0.00069 US Dollar (USD)

 

The table above shows the business performance of semiconductor companies in 2023 represented by total revenue and net income/loss. The variables, total revenue and net income/loss were obtained from Income statements of the annual report of each semiconductor company in 2023.

 

Brief Description of 20 World’s Largest Semiconductor Companies

 

1. Intel Corp.              

Intel Corporation is a global designer and manufacturer of semiconductor products founded July 18, 1968, and is still headquartered in Santa Clara, California. In addition, the key people of the establishment of Intel are Gordon Moore, Robert Noyce, and Arthur Rock. As of 2024, Along with business development, Intel has employed of 108,900 people with some major manufacturing sites of Intel located in several countries, namely United States of America (Arizona (Chandler (Ocotillo Campus), Oregon (Hillsboro (Ronler Acres), New Mexico (Rio Rancho)), Ireland (Leixlip), China (Chengdu and Dalian), Malaysia (Penang & Kulim), Vietnam (Ho Chi Minh City), Costa Rica (San José). Specifically, as a company with diversified semiconductor products, Intel has some semiconductors products in various different categories.

⮚     Central Processing Units (CPUs)

●       Core Processors (Intel Core i3, i5, i7, and i9 series, power desktops, laptops, and workstations)

●       Xeon Processors (designed for High-performance CPUs for servers, data centers, and workstations, optimized for enterprise workloads, AI, and cloud computing)

●       Pentium and Celeron (cheaper processors for basic computing performance)

●       Atom Processors (designed for Low-power CPUs for IoT devices, embedded systems, and lightweight/mini laptops)

 

⮚     Graphics Processing Units (GPUs) (Helping in accelerating the rendering of computer graphics and image processing)

●       Intel Arc (Intel’s GPU designed for gaming, content creation, and professional and advanced workloads)

●       Integrated Graphics (Intel's CPUs included in integrated GPUs for basic graphics tasks and light gaming (Intel UHD and Graphics, Iris Xe).

 

⮚     Field-Programmable Gate Arrays (FPGAs)

●       FPGAs are used in data centers, networking, automotive, and industrial applications and some of the FPGAs products are Agilex™, Stratix, Arria, MAX, and Cyclone.

 

⮚     Memory and Storage Solutions (designed for storage solutions)

●       Intel Optane Memory (Used in SSDs and as cache memory.

●       SSDs (Solid State Drives) (Intel SSD D5-P5316 and Intel SSD 670p)

 

⮚     AI and Machine Learning Accelerators

●       Intel Nervana Neural Network Processors (NNPs) (The Specialized intel chips designed from AI and deep learning tasks) 

●       Intel Gaudi 3 AI accelerators (Designed for support AI applications)  

 

In the financial aspects, according to its annual report of 2023, Intel Corporation has total assets of USD 191 billion with total liabilities of USD 82.6 billion. In terms of business performance of 2023, Intel Corporation successfully gained total revenue of USD 54.2 billion but suffered a net loss of USD -19 billion.

 

2. Taiwan Semiconductor Manufacturing Co. Ltd.        

Since its establishment in 1987 by Morris Chang, Taiwan Semiconductor Manufacturing Company (TSMC) has grown into one of the world's leader’s semiconductor companies which is headquartered in Hsinchu Science Park, Taiwan. As of 2024, TSMC served around 522 customers and manufactured 11,878 products designed for applications for computing, smartphones, the Internet of Things (IoT), automotive, and digital consumer electronics. As of 2023, TSMC still served its fabless semiconductor companies to make chips such as Apple, AMD, NVIDIA, Qualcomm, Intel, and Tesla. Furthermore, Taiwan Semiconductor (TSMC) has some products including Process Nodes (7nm Process, 5nm Process, 3nm Process, 2nm Process), Wafer Technologies (Silicon Wafers and Specialty Technologies), Specialized Chips (AI and Machine Learning Chips, Automotive Chips, and IoT Chips), Packaging Solutions (InFO (Integrated Fan-Out), CoWoS (Chip on Wafer on Substrate), and SoIC (System on Integrated Chips)) and others.

Financially, according to the annual report of 2023, Taiwan Semiconductor Manufacturing (TSMC) has total assets of USD 180 billion and total liabilities of USD 67.8 billion. In terms of business performance of 2023, Taiwan Semiconductor successfully gained total revenue of 70.5 billion with net income of USD 27.7 billion.

 

3. Broadcom Inc.     

Broadcom Inc is a global semiconductor and infrastructure software solutions company with more than 60 years’ experience headquartered in Palo Alto, California. As of 2024, Broadcom has a manufacturing site in Fort Collins, Colorado, USA. In making the semiconductors products, Broadcom also has some partnership with some fabless company, namely Taiwan Semiconductor Manufacturing Company (TSMC), GlobalFoundries, Semiconductor Manufacturing International Corporation (SMIC), Silterra Malaysia Sdn. Bhd., and United Microelectronics Corporation (UMC).

As of 2023, the semiconductors produced by Broadcom are designed for many industries including Networking Chips (Ethernet Switches & PHYs, Network Processors (NPUs), Fibre Channel ASICs, and Broadband Access Chips),  Wireless Communication & Connectivity (Wi-Fi & Bluetooth Chips, RF Front-End & FEMs, GPS/GNSS Chips), Storage & Memory Solutions (NVMe & PCIe Controllers, HDD & SSD Controllers, RAID-on-Chip (RoC) Solutions), Custom Silicon & AI Chips (AI/ML Accelerators, Application-Specific Integrated Circuits (ASICs), Optical & RF Solutions ( Optical Transceivers & Modulators and RF Chips for 5G & Satellite Communication), Automotive & Industrial Solutions (Automotive Ethernet Chips and Industrial Ethernet & Automation Chips), and Security & Cryptography (Hardware Security Modules (HSMs) and Secure Boot & Trusted Platform Modules (TPMs)).

Broadcom in the year 2023 is relatively stable in financial conditions. According to the annual report of 2023, Broadcom has total assets of USD 72.8 billion with total liabilities of USD 48.8 billion. In terms of business performance in 2023, Broadcom successfully gained total revenue of USD 35.8 billion with a net income of USD 14 billion.

  

4. Advanced Micro Devices Inc (AMD)     

Advanced Micro Devices Inc, commonly known as "AMD" is a global semiconductor company founded on May 1, 1969, and still headquartered in Santa Clara, California. Historically, AMD was founded on May 1, 1969, with the initiative of Jerry Sanders, together with seven of his colleagues from Fairchild Semiconductor". Operationally, in making the semiconductors, AMD has partnered with leading third-party foundries for manufacturing including Taiwan Semiconductor Manufacturing Company (TSMC) and GlobalFoundries. To date, AMD produces many semiconductors different types and functions  including Desktop & Laptop CPUs (AMD Ryzen™ Processors, AMD Ryzen™ AI, AMD Threadripper™), Server & Data Center CPUs (AMD EPYC™ Processors), Gaming GPUs (AMD Radeon™ RX Series), AI & Data Center GPUs (AMD Instinct™ Accelerators and AMD Radeon™ Pro GPUs), Accelerators & AI Chips (AMD Instinct™ MI Series, AMD XDNA™ Architecture, AMD Alveo™ FPGA), Embedded & Custom Solutions (AMD Embedded Processors and Custom APUs for Consoles), and FPGA & Adaptive Computing (AMD Versal™ ACAP and AMD Alveo™ FPGA Accelerators).

Financially, based on the financial aspects of 2023 in its Annual Report, Advanced Micro Devices or commonly known as “AMD” has total assets of USD 67.8 billion with total liabilities of USD 12 billion. In terms of business performance, AMD successfully showed positive performance with gaining total revenue = USD 22.6 billion and net income of USD 0.85 billion.

 

5. Nvidia Corporation

NVIDIA is a global semiconductor company founded on April 5, 1993, with the initiatives of Jensen Huang, Chris Malachowsky, and Curtis Priem. To date, NVidia still has headquarters in Santa Clara, California, U.S. with total employees of 29,600 people. Specifically, the semiconductor products of NVIDIA are Graphics Processing Units (NVIDIA GeForce RTX™ Series), Professional & Workstation GPUs (NVIDIA RTX™ Pro GPUs, and NVIDIA Quadro), AI & Data Center Accelerators (NVIDIA Hopper Architecture, NVIDIA Ampere Architecture, NVIDIA Blackwell Architecture), Data Processing Units (DPUs) (NVIDIA BlueField-3 DPU), Automotive & Robotics Chips (NVIDIA DRIVE Orin™, NVIDIA DRIVE Thor™, and NVIDIA Jetson™), AI & Cloud Computing Platforms (NVIDIA DGX™ Systems, NVIDIA Grace CPU, and NVIDIA Grace Hopper Superchip), and Custom & Embedded Solutions (NVIDIA Tegra and Cloud AI ASICs).

Financially, in 2023, Nvidia Corporation is stable. According to its annual report of 2023, Nvidia has total assets of USD 65.7 billion with total liabilities of USD 22.7 billion. In terms of business performance of 2023, Nvidia Corporation successfully gained total revenue of USD 60.9 billion with net income of USD 29.7 billion.

 

6. Micron Technology, Inc.

Founded at Boise, Idaho, in 1978 by Ward Parkinson, Joe Parkinson, Dennis Wilson, and Doug, Micron Technology, Inc. has grown into one of the leading American semiconductor companies specializing in computer memory and computer data storage including dynamic random-access memory, flash memory, and solid-state drives (SSDs). Specifically, some of the Micron Technology products are Dynamic Random-Access Memory (DRAM) (DDR4/DDR5, LPDDR4/LPDDR5, GDDR6/GDDR6X), NAND Flash Memory (SSDs (Solid State Drives), SATA SSDs, NVMe SSDs, eMMC/UFS, and 3D NAND), 3D XPoint Memory, and NOR Flash Memory.

Financially according to its annual report, in the year 2023, Micron Technology showed stable conditions with total assets of USD 64.2 billion and total liabilities of USD 20.1 billion. Unfortunately, in 2023, Micron Technology had negative performance and suffered a net loss of USD -5.8 billion although Micron gained the revenue of USD 15.4 billion.     

 

7. Qualcomm Inc.

Qualcomm is an American-based semiconductor company headquartered in San Diego, California. Historically, Qualcomm was started in July 1985 with the initiative of Irwin Jacobs, Andrew Viterbi, Franklin Antonio, Adelia Coffman, Andrew Cohen, Klein Gilhousen, and Harvey White. As of 2024, the total employees of Qualcomm reached 49,000 people. As of 2024, the QUALCOMM released some semiconductors products with different types and function including Mobile chip (Snapdragon Series (Snapdragon 8 Series, Snapdragon 7 Series, Snapdragon 6 Series, and Snapdragon 4 Series), 5G & Connectivity Solutions (Snapdragon X Modems, RF Front-End (RFFE), FastConnect 7800, Qualcomm Networking Pro Series), Automotive Semiconductors (Snapdragon Digital Chassis, Snapdragon Ride, Snapdragon Auto Connectivity), AI & Edge Computing Solutions (Qualcomm AI Engine,  Qualcomm Cloud AI 100, Hexagon Processor), IoT (Internet of Things) (Snapdragon Wear,  Qualcomm Robotics RB6, Qualcomm QCS Series), XR (Extended Reality) Chips (Snapdragon XR2 Gen 2  and Snapdragon XR1), and Computing & Laptop Chips (Snapdragon Compute).    

 

Financially, according to the annual report of 2023, Qualcomm has total assets of USD 51 billion with total liabilities of USD 29.4 billion. In terms of the business aspects, Qualcomm gained total revenue of USD 35.8 billion with a net income of USD 7.2 billion.

 

8. Analog Devices, Inc.       

Analog Devices is Semiconductor company which has headquarters in Wilmington, Massachusetts, U.S. Historically, Analog Devices was founded by Ray Stata and Matthew Lorber in 1965. As of 2024, Analog Devices employed 24,000 people. As of 2024, Some Analog product's of Semiconductors includes Analog & Mixed-Signal ICs (Operational Amplifiers (Op-Amps), Analog-to-Digital Converters (ADCs), Digital-to-Analog Converters (DACs), Power Management ICs), RF & Microwave Products (RF Transceivers, Phase-Locked Loops (PLLs) & Synthesizers,  Mixers, Modulators, and Demodulators, Power Amplifiers & Low Noise Amplifiers (LNAs)),  Digital Signal Processing (DSP) & Embedded Processors (SHARC DSPs, Blackfin DSPs, Embedded Processors),  Power Management Solutions (Battery Management ICs, Isolated Power Supplies, Energy Harvesting Solutions), MEMS & Sensors (Inertial Sensors, Temperature & Humidity Sensors, Gas Sensors, Optical Sensors), Automotive & Industrial Solutions (Lidar & Radar ICs, Motor Control ICs, and Condition-Based Monitoring Sensors),  High-Speed Data Converters & Interfaces (High-Speed ADCs & DACs and Gigabit Transceivers & SerDes) and others.

Related to its financial aspects, Analog Devices in 2023 has total assets of USD 48.7 billion with total liabilities of USD 13.2 billion. In the business aspects of 2023, Analog Devices successfully gained total revenue of USD 12.3 billion with a net income of USD 3.3 billion.

 

 9. Texas Instruments Incorporated          

Texas Instruments is a multinational semiconductor company headquartered in Dallas, Texas. AS of 2024, total employees of this company reached 34,000 people. Specifically, Texas Instruments design, manufacture, test and sell analog and embedded semiconductors which have 80,000 parts. As of 2023, Texas Instruments has some products namely Analog electronics, Calculators, Digital signal processors, Digital light processors, Integrated circuits, and Embedded processors.

According to the Annual report of 2023, Texas Instruments Incorporated has total assets of USD 32.3 billion with total liabilities of USD 15.4 billion. In terms of business performance of 2023, according to income statements of the annual report, Texas Instruments successfully gained total revenue of USD 17.5 billion with net income of USD 6.5 billion.

 

10. NXP Semiconductors N.V.       

Operationally, NXP Semiconductors has around 34,000 of employees and   some products including Automotive Semiconductors (ADAS (Advanced Driver Assistance Systems), Automotive Processors (S32 Series, i.MX Series), Automotive Microcontrollers (MCUs) (MPC5xxx, S32K, KEA Series), Automotive Networking, Battery Management Systems (BMS), Secure Vehicle Access), Microcontrollers (MCUs) & Processors ( Kinetis MCUs (Arm Cortex-M0/M4/M7),LPC MCUs, i.MX Applications Processors, S32 Automotive Processors), Secure Connectivity Solutions (Wi-Fi & Bluetooth (IW Series, QN Series), UWB (Ultra-Wideband), NFC (Near Field Communication), RFID & Smart Card Solutions), Power Management & Energy Efficiency (PMICs (Power Management ICs), Battery Management Systems (BMS), GaN & SiC Power Solutions), Security & Authentication (Secure Elements (SE), TPMs (Trusted Platform Modules), EdgeLock Security Solutions), Edge Computing & AI Solutions (i.MX 8M Plus, eIQ Machine Learning Software), Industrial & IoT Solutions (Industrial Ethernet & TSN (Time-Sensitive Networking), Edge Processing (i.MX RT Crossover MCUs), and Smart Home & Smart City Solutions.

Financially, according to the annual report of 2023, NXP Semiconductors has total assets of USD 24.3 billion with total liabilities of USD 15.7 billion. Related to business performance in 2023, NXP Semiconductors gained total revenue of USD 13.2 billion with net income of USD 2.8 billion.

  

11. Marvell Technology, Inc.

Founded in 1995 by Dr. Sehat Sutardja, Weili Dai, and Pantas Sutardja, Marvell Technology had grown into one of the leading companies with more than 6,500 employees as of 2024 and over 10,000 patents worldwide and still headquartered in Santa Clara, California. As of 2024, Marvel Technology has some products, namely Semiconductor devices, application-specific integrated circuit, integrated circuit, central processing unit, and data processing unit.

Financially in the year of 2023 according to its annual report, Marvell Technology has total assets of USD 21.2 billion with total liabilities of USD 6.3 billion. In terms of business performance in 2023, Marvell Technology gained total revenue of USD 5.5 billion but suffered a net loss of USD -0.93 billion.

  

12. Microchip Technology Incorporated

Incorporated in 1987 and still headquartered in Chandler, Arizona, Microchip Technology has grown into one of the leading semiconductor companies. As of 2024, Microchip Technology has served over 100,000 customers across the industrial, automotive, consumer, aerospace and defense, communications, and computing markets. Specifically, Microchip has some products including Microcontrollers (MCUs) & Microprocessors (MPUs), Analog & Mixed-Signal Ics, Power Management Solutions, Memory Products, Security & Authentication Solutions, Wireless & Wired Connectivity Solutions, FPGA & Programmable Logic Solutions, Timing & Clock Management Solutions, Automotive Solutions.

Financially, according to Microchip Technology Incorporated’s annual report in 2023, this company has total assets of USD 15.8 billion with total liabilities of USD 9.2 billion. In terms of business performance in 2023, Microchip Technology Incorporated successfully gained total revenue of USD 7.6 billion with net Income of USD 1.9 billion.

 

13. Synopsys Inc.    

Synopsys, Inc. is an electronic design automation (EDA), semiconductor IP, and software security solutions company, which was founded by Aart de Geus, David Gregor and Bill Krieger in 1986 in Research Triangle Park, North Carolina. Operationally, Synopsys still has its headquarters in Sunnyvale, California, U.S.

Financially, according to the annual report of 2023, Synopsys has total assets of USD 10.3 billion and total liabilities of USD 4.1 billion. In terms of business performance in 2023, Synopsys generated total revenue of USD 5.3 billion with net income of USD 1.2 billion

 

14. Arm Holdings PLC          

Arm Holdings plc is Semiconductor company which was Founded in November 1990 and still has headquartered in Cambridge, England. As of 2023, Arm Holding employed 7,096 people. As of 2023, some products of Arm Holding are Processor Architectures & CPU Cores (Cortex-A Series, Cortex-R Series, Cortex-M Series, Neoverse), GPU & AI Accelerators (Mali GPUs, Ethos AI Processors), System IP & Security Solutions (AMBA (Advanced Microcontroller Bus Architecture), TrustZone, CryptoCell & CryptoIsland), Automotive & IoT Solutions (Arm Safety Ready and Arm Pelion IoT Platform), and   Software & Development Tools (Arm Compiler & Development Studio, Keil MDK  Arm Virtual Hardware).

Financially, according to its annual report of 2023, Arm Holdings PLC has total assets of USD 8 billion with total liabilities of USD 2.7 billion. In terms of business performance in 2023, Arm Holding generated total revenue of USD 3.3 billion with net income of USD 0.19 billion.

 

15. Monolithic Power Systems, Inc.

Monolithic Power Systems, Inc. is an American-based semiconductor company founded in 1997 by Michael R. Hsing and to date, this company still has a primary office in Kirkland, Washington. As of 2023, some products of Monolithic Power Systems are Power Management ICs (PMICs), Motor Drivers & Controllers, Battery Management Solutions, Automotive Solutions, LED Drivers & Lighting Solutions, Power Modules & Integrated Solutions, Sensors & Analog ICs.

Financially, in terms of financial position in 2023 based on the annual report, Monolithic Power Systems has total assets of USD 2.4 billion with total liabilities of USD 0.38 billion. Furthermore, in the year 2023, Monolithic Power Systems generated total revenue of USD 1.8 billion and net income of USD 0.42 billion.

 

16. Infineon Technologies AG        

Infineon Technologies AG is a global semiconductor manufacturer founded in 1999 after it was spun off from Siemens AG. Operationally, this company still has a primary office in Neubiberg, Germany and employs approximately 58,600. Commonly, Infineon designed, created, and sold semiconductor products and solutions, including Microcontrollers, Power semiconductors, Sensors, and Security solutions.

According to Infineon Technologies’s annual report of 2023, this company has total assets of EUR 28.4 billion or equivalent to USD 31.5 billion with total liabilities of EUR 11.3 billion or equivalent to USD 12.5 billion. In terms of business performance of 2023, Infineon Technologies AG successfully gained total revenue of EUR 16.3 billion or equivalent to USD 18 billion with total net income of EUR 3.1 billion or equivalent to USD 3.4 billion.

  

17. Samsung Electronics   

Samsung Electronics is one of the world’s largest technology companies, diversifying into consumer electronics, semiconductors, and telecommunications founded in January 1969 and headquartered in Suwon, South Korea. In the semiconductors business, Samsung is a leading chip manufacturer with some products Memory Chips (DRAM (Dynamic RAM) NAND Flash Storage), Processors & SoCs (System-on-Chip) (Exynos SoCs and Foundry Services), and Image Sensors (ISOCELL). As of now, Samsung Electronics still manufactures chips for its partners, namely Qualcomm, NVIDIA, AMD, and Apple.

 

In terms of financial aspects of Samsung Electronics in 2023 according to its annual report, Samsung Electronics has total assets of KRW 455 trillion or equivalent to USD 313 billion with total liabilities of KRW 92 trillion equivalent to USD 63 billion. In terms of business performance in 2023, Samsung Electronics successfully gained total revenue of KRW 258 trillion or equivalent to USD 178 billion and net income of KRW 15.4 trillion or equivalent to USD 10.6 billion.

 

 

18. SK Hynix 

SK Hynix Inc is a semiconductor company based in Icheon, South Korea. As of now, SK Hynix still becomes the supplier of Apple, NVIDIA, AMD, and Intel. Commonly, some of the SK Hynix semiconductors products are DRAM (Dynamic Random-Access Memory) (DDR5, DDR4, DDR3, LPDDR5, LPDDR4X, HBM (High Bandwidth Memory), HBM3, HBM2e),  NAND Flash Memory (3D NAND (128-Layer, 176-Layer, 238-Layer), UFS (Universal Flash Storage), eMMC Storage), and SSDs (Solid-State Drives) (Platinum P41 (PCIe 4.0 NVMe SSD), Gold P31 (PCIe 3.0 NVMe SSD), Enterprise SSDs (Data Center SSDs)) . 

Financially, according to SK Hynix’s annual report of 2023, SK Hynix has total assets of KRW 100 trillion or equivalent to USD 69 billion with total liabilities of KRW 46.5 trillion or equivalent to USD 32 billion. In terms of business performance in income statements, SK Hynix successfully gained total revenue of KRW 32.7 trillion or equivalent to USD 22.5 billion but suffered net loss of (KRW -9.1 trillion) or equivalent to (USD -6.2 billion).

  

19. MediaTek

MediaTek is one of the largest global fabless semiconductor companies in developing innovative systems-on-chip (SoC). Historically, MediaTek was founded in May 1997 and still has its headquarters in Hsinchu, Taiwan. Operationally, this company employs 21,982 people and has Research & Development (R&D) centers in Bengaluru (India) and Shanghai, Shenzhen, Beijing, and Chengdu (China). As of 2023, the products of MediaTek are Mobile Processors (SoCs) (Dimensity Series 9300, 9200, 9000, 8000, 8200, 8100, 6000, 7000, 5G) and Helio (G99, G88, G85, G37, etc.), AI & Edge Computing Chips (MediaTek APU and MediaTek NeuroPilot), Smart TVs & Streaming Devices (Pentonic Series, MT96XX Series, MT58XX Series), Tablets & Chromebooks (Kompanio Series), IoT, Smart Home & Wearables (Genio Series, MT26XX Series, MediaTek Filogic), Automotive Chips (MediaTek Dimensity Auto), Networking & Connectivity (Filogic Series), and Feature Phone Chips (MT6XXX Series).

According to the Annual Report of 2023, MediaTek has total assets of TWD 635 billion or equivalent to USD 19.7 billion with total liabilities of TWD 260 billion or equivalent to USD 8 billion. Furthermore, MediaTek has a total revenue of TWD 433 billion or equivalent to USD 13.4 billion and net income of TWD 77.1 billion or equivalent to USD 2.4 billion.

 

20. STMicroelectronics       

STMicroelectronics is a semiconductor company formed in 1987. Along with business development, STMicroelectronics has employed around 50,000 people with services for more than 200,000 customers. Operationally, this company has main office in Plan-les-Ouates, Geneva, Switzerland with 14 manufacturing sites located in Grenoble (France), Rousset (France), Tours (France), Milan (Italy), Catania (Italy), Caserta (Italy), Kirkop (Malta), Singapore, Tunis (Tunisia), Bouskoura (Morocco), Norrkoping (Sweden).  The Products of STMicroelectronics are Microcontrollers (MCUs) & Microprocessors (MPUs) (STM32 Series, STM8 Series, STM32MP1),  Analog & Mixed-Signal ICs (Operational Amplifiers & Comparators, Voltage Regulators & Power Management ICs, and MEMS Sensors), Power Management & Power Electronics (Silicon Carbide (SiC) & Gallium Nitride (GaN) Solutions, Power MOSFETs & IGBTs, Smart Power Drivers), Automotive Solutions (ADAS & Autonomous Driving Chips, Automotive-Grade Microcontrollers, Electric Vehicle (EV) Power Solutions), Industrial & IoT Solutions (MEMS & Sensors, RF & Connectivity, AI & Edge Computing Chips), Imaging & Optical Sensors (Time-of-Flight (ToF) Sensors and CMOS Image Sensors), Security & Smart Cards (STSAFE & STSecure), and Wireless & RF Solutions (Bluetooth & LoRa Solutions, NFC & RFID) . 

In the financial aspects according to its annual report of 2023, STMicroelectronics has total assets of USD 24.4 billion with total liabilities of USD 7.6 billion. In terms of business performance in 2023, STMicroelectronics successfully gained total revenue of USD 17.3 billion with total net income of USD 4.2 billion.

 

21. Qorvo, Inc.

 

Qorvo is a semiconductor company founded in 2015 because of the merger of TriQuint Semiconductor and RF Micro Devices (RFMD). Operationally, Qorvo still has headquarters in Greensboro, North Carolina and has more than 40 manufacturing facilities located in North America, Europe, and Asia. As of 2023, total employees of Qorvo reached 6,100 people. Furthermore, the products of Qorvo are RF Solutions for Mobile Devices, 5G & Infrastructure Solutions, Aerospace & Defense (GaN & GaAs Technology), Wi-Fi & IoT Connectivity, Power Management Solutions, Automotive Solutions, Smart Home & Industrial Applications.   

        

 

In terms of the financial aspects, Qorvo Inc has total assets of USD 6.5 billion with total liabilities of USD 2.9 billion. In terms of business performance according to income statements in 2023, Qorvo Inc gained total revenue of USD 3.7 billion but suffered a net loss of (USD -0.07 billion).

 

22. GlobalFoundries Inc     

GlobalFoundries (GF) is one of the world's leading semiconductors companies with headquarters in Malta, New York, U.S. Historically, this company was formed as the spin-off from Advanced Micro Devices (AMD) in 2009. As of 2024, the total number of employees of GlobalFoundries reached 14,000 people serving more than 200 Global Customers. Along with business development, GlobalFoundries (GF) has several state-of-the-art semiconductor fabs worldwide located in Dresden, Germany (Process Nodes: 22nm FD-SOI, 28nm, and above), Malta, New York, USA (Flagship Facility) (Process Nodes: 12nm FinFET, 14nm, 7nm), Burlington, Vermont, USA (Process Nodes: Mixed-signal, RF, and power technology), East Fishkill, New York, USA (Process Nodes: 45nm, 90nm, and above), and Singapore (Process Nodes: 40nm, 55nm, and above). Furthermore, some of the GlobalFoundries are RF & Wireless Solutions (RF SOI (Silicon-on-Insulator) Technology, mmWave Solutions, Bulk Acoustic Wave (BAW) & Surface Acoustic Wave (SAW) Filters), Advanced Process Technologies (12LP+ (12nm FinFET), 22FDX (22nm FD-SOI), and 28SLP (28nm Super Low Power)), Automotive & Industrial Chips (AutoPro™ Platform, Power Management ICs,  Embedded Non-Volatile Memory (eNVM)), AI & Edge Computing Solutions (AI-Optimized Process Nodes and High-Performance Computing (HPC) Process Nodes), IoT & Wearable Device Solutions (22FDX & 12LP+ for IoT  and Ultra-Low Power (ULP) Chips), Defense & Aerospace Semiconductor Solutions (Trusted Foundry Services and Radiation-Hardened (Rad-Hard) Chips),  Secure & Custom Semiconductor Solutions (GF SHIELD™ and Custom ASICs).

 

Overall, in the year 2023, according to its annual report, GlobalFoundries Inc is still in advantageous position with total assets of USD 18 billion and total liabilities of USD 6.9 billion. Furthermore, based on business performance, GlobalFoundries Inc gained total revenue of USD 7.3 billion with a net income of USD 1 billion.

 

23. United Microelectronics Corporation

United Microelectronics Corporation or commonly known as "UMC", is a leading global semiconductor foundry company headquartered in Hsinchu, Taiwan. As of 2023, total employees of UMC reached 20,000 people with some fabs or fabrication facilities located in China (Ningbo and Suzhou), Taiwan (Hsinchu and Tainan), and Singapore. Furthermore, some products of  United Microelectronics Corporation are specialized semiconductor ((22nm & 28nm Embedded High Voltage (eHV)), (40nm & 55nm BCD (Bipolar-CMOS-DMOS)), and  (90nm, 130nm, and 180nm (MCUs, analog chips, and automotive applications))), Automotive Semiconductor Solutions (Embedded High Voltage (eHV) Chips, UMC AutoMate™ Platform – ISO 26262, Power Management ICs (PMICs), MCUs & ASICs), IoT & Wearable Technology Solutions (22nm FD-SOI (Fully Depleted Silicon-on-Insulator), Ultra-Low Power (ULP) Chips, RF & Connectivity Solutions), 5G & Wireless Communication Chips (22nm & 28nm RF SOI and mmWave & Sub-6 GHz RF Solutions), Display & Power Management ICs (28nm & 40nm eHV Chips, and Power ICs), and AI & Edge Computing (AI Accelerators & ML Chips and Edge AI MCUs).        

  

In terms of financial position of 2023 according to its balance sheet and income statements of annual report, United Microelectronics Corporation has total assets of USD 17.8 billion with total liabilities of USD 6.6 billion. In other aspects, United Microelectronics Corporation successfully gained total revenue of USD 7.2 billion and net income of USD 1.9 billion.

 

 

The Summary of 20 World’s Largest Semiconductor Companies Based on Total Assets

 

 The Summary of 20 World’s Largest Semiconductor Companies Based on Net Income

 

Bibliography of 20 World’s Largest Semiconductor Companies in 2023

 

 

Intel Corp. 2024. Annual Report 2023. Accessed via https://www.intc.com/filings-reports/annual-reports on February 18th, 2025.

 

Taiwan Semiconductor Manufacturing. 2024. Annual Report 2023. Accessed via https://investor.tsmc.com/english/annual-reports on February 18th, 2025.

Broadcom Inc. 2024. Annual Report 2023. Accessed via https://investors.broadcom.com/financial-information/annual-reports on February 18th, 2025.

 

Advanced Micro Devices Inc (AMD). 2024. Annual Report 2023. Accessed via https://ir.amd.com/sec-filings/filter/annual-filings on February 18th, 2025.

 

Nvidia Corp. 2024. Annual Report 2023. Accessed via https://investor.nvidia.com/financial-info/annual-reports-and-proxies/default.aspx on February 18th, 2025.

 

Micron Technology, Inc. 2024. Annual Report 2023. Accessed via https://investors.micron.com/   on February 18th, 2025.

Qualcomm Inc. 2024. Annual Report 2023. Accessed via https://investor.qualcomm.com/financial-info-sec-filings/sec-filings/default.aspx   on February 18th, 2025.

   

Analog Devices, Inc. 2024. Annual Report 2023. Accessed via https://investor.analog.com/financial-info/annual-reports  on February 18th, 2025.

 

Texas Instruments Incorporated. 2024. Annual Report 2023. Accessed via https://investor.ti.com/financial-information/earnings-annual-reports  on February 18th, 2025.

 

NXP Semiconductors N.V. 2024. Annual Report 2023. Accessed via https://www.nxp.com/company/about-nxp/investor-relations:INVESTOR-RELATIONS   on February 18th, 2025.

 

Marvell Technology, Inc. 2024. Annual Report 2023. Accessed via https://investor.marvell.com/annual-reports   on February 18th, 2025.

Microchip Technology Incorporated. 2024. Annual Report 2023. Accessed via https://ir.microchip.com/sec-filings/annual-reports   on February 18th, 2025 .

Synopsys Inc. 2024. Annual Report 2023. Accessed via https://investor.synopsys.com/financials/annual-reports-proxies/default.aspx   on February 18th, 2025 .

  

Arm Holdings PLC. 2024. Annual Report 2023. Accessed via https://investors.arm.com/financials/quarterly-annual-results  on February 18th, 2025 .

   

Monolithic Power Systems, Inc. 2024. Annual Report 2023. Accessed via https://www.monolithicpower.com/en/about-mps/investor-relations.html  on February 18th, 2025 .

Infineon Technologies AG. 2024. Annual Report 2023. Accessed via https://www.infineon.com/cms/en/about-infineon/investor/  on February 20th, 2025.

Samsung Electronics. 2024. Annual Report 2023. Accessed via https://www.samsung.com/global/ir/  on February 20th, 2025.

SK Hynix. 2024. Annual Report 2023. Accessed via https://www.skhynix.com/ir/UI-FR-IR07/   on February 20th, 2025.

MediaTek. 2024. Annual Report 2023. Accessed via https://corp.mediatek.com/investor-relations/financial-information/annual-reports  on February 20th, 2025.

STMicroelectronics. 2024. Annual Report 2023. Accessed via https://investors.st.com/financials/annual-and-semi-annual-reports  on February 20th, 2025.

Qorvo, Inc. 2024. Annual Report 2023. Accessed via https://ir.qorvo.com/annual-reports-proxies  on February 20th, 2025.

GlobalFoundries Inc. 2024. Annual Report 2023. Accessed via https://investors.gf.com/   on February 20th, 2025.

United Microelectronics Corporation. 2024. Annual Report 2023. Accessed via https://www.umc.com/en/Download/annual_reports  on February 20th, 2025.