In 2024, eight of the top ten semiconductor vendors experienced significant revenue growth primarily driven by the increasing sales of GPUs and AI processors for datacenter applications. Samsung took the lead position, boosted by a recovery in memory prices and achieving $66.5 billion in revenue. Conversely, Intel faced a challenging year with its sales growth flatlining at 0.1% and suffering from a historic loss, leading to changes in executive leadership. The datacenter market emerged as a major semiconductor revenue source, indicating a shift in demand towards AI technologies.
The rising demand for AI and generative AI (GenAI) workloads led datacenters to become the second-largest market for semiconductors in 2024, behind smartphones.
Samsung was propelled to the top spot thanks to a strong rebound in memory prices, racking up $66.5 billion in revenue, climbing 62.5 percent on the previous year.
Intel's semiconductor revenue was flat at just 0.1 percent growth in 2024, attributed to the limited success of its AI accelerators.
The past year saw Intel wave goodbye to CEO Pat Gelsinger after a $16.6 billion loss in Q3, noted as the largest in the company's history.
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