Forecast revenue growth rate global semiconductor industry 1988-2023

In 2022, the global semiconductor industry grew by 4.4 percent compared to 2021 – another year of recovery following the 12 percent fall that the market experienced in 2019. The fall in 2019 was the result of a downturn in the memory market which had a negative impact on many of the top vendors, most notably on Samsung’s semiconductor revenue.

Intel semiconductors

Intel has regularly ranked among the leading global semiconductor companies in terms of sales revenue. In 2022, Intel’s semiconductor market share stood at 9.7 percent. The company, based in Santa Clara, California, is joined by a number of other U.S. semiconductor companies in the top rankings.

U.S. semiconductor companies

Other notable semiconductor companies based in the U.S. include Qualcomm, Broadcom, and Nvidia. Developing a range of semiconductor products for the automotive and smartphone markets, to name but a few, Qualcomm’s semiconductor revenue amounted to 34.8 billion U.S. dollars in 2022 - seven billion more than what the company generated a year previous.