Final results from research firm Gartner showed that semiconductor revenue globally rose in 2024 to $655.9 billion, up 21 percent from the 2023 figure of $542.1 billion. NVidia jumped to the first place to overtake Samsung Electronics and Intel for the first time.
Gartner attributed the change in corporate positions of the top 10 semiconductor providers to the high demand for the construction of generative AI infrastructure, and a 73.4 percent increase in memory card revenue.
Samsung Electronics maintained second place, driven by gains in both Dynamic Random Access Memory (DRAM) and Flash Memory cards. Intel's revenue grew 0.8 percent in 2024 as competition gained momentum across all its major product lines, and was unable to capitalize on the strong increase in demand for AI processing.
Source (Al-Arabiya.net Website, Edited)
