Top Ten IC Design Companies See 12% Revenue Growth, Nvidia Leads

According to the latest data from TrendForce, the total revenue of the world’s top ten IC design companies will reach US$6.7 billion in 2023, achieving an annual growth rate of 12%. Behind this significant growth, the key driving force comes from the strong performance of industry giant NVIDIA, whose annual revenue growth rate is as high as 105%, which has significantly promoted the upward development of the entire top ten IC design companies sector. In contrast, companies such as Broadcom, Will Semiconductor, and MPS have experienced moderate but limited annual revenue growth, while other companies have experienced weak growth due to the weak global economic environment and pressure from inventory reduction, resulting in a decline in annual revenue.
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Among the top five rankings, NVIDIA relies on its dominant position in the AI ​​GPU market, especially the hot sales of H1000, which has enabled the company’s revenue to reach US$5.268 billion in 2023, a year-on-year increase of 105%. It is worth noting that Nvidia currently holds more than 80% of the AI ​​acceleration chip market. With the launch of the next-generation H200 and B100/B200/GB200 series, NVIDIA’s revenue is expected to grow further.

Looking forward to 2024, TrendForce optimistically predicts that as global integrated circuit inventory levels return to a healthy state, the booming development trend in the AI ​​field will become a major catalyst. Cloud computing service providers (CSPs) will continue to expand investment in order to cope with the increasingly complex demand for large-scale language model (LLM) construction. At the same time, AI technology will further penetrate into the personal device market, such as AI smartphones, AI-integrated PCs, and other emerging technologies. product.