In the first quarter of 2024, NVIDIA secured the second position with a 19% increase in revenue compared to the previous quarter, largely driven by its strong presence in the AI market. Intel, on the other hand, experienced a 14% decline in revenue during the same period due to lower demand at its Intel, Altera, and Mobileye foundries.
Hynix and Micron saw growth in revenue thanks to the robust memory market, placing them fourth and seventh, respectively, in the ranking for the quarter. Qualcomm and Broadcom, ranking fifth and sixth, also faced revenue declines in the single digits, attributed to underperformance in their core businesses.
Overall, the semiconductor industry in the first quarter of 2024 saw a mix of growth and decline among major players, with NVIDIA standing out for its strong performance in AI. The memory market proved to be a significant driver for companies like Hynix and Micron, while others struggled with weaker demand in key areas.
The visual representation of the top semiconductor companies by revenue in Q1 2024 can be seen in the accompanying image. The rankings reflect the changing landscape of the industry as companies navigate various market forces to maintain their positions and drive growth.
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https://www.electronicsweekly.com/news/business/intel-drops-to-no-3-2024-07/
