According to data released by Gartner, global semiconductor revenues totaled $533 billion in 2023, a year-on-year decline of 11.1%, with memory chip revenues hitting their worst decline on record. Among the world's top 10 chip makers, Intel topped the list, leaping to become the world's largest chip company, even though its revenue also slipped 16.7% year-on-year in 2022, to only about $48.6 billion.

NVIDIA jumped from twelfth to fifth in 2022. This is mainly due to the rapid growth of generative AI globally. NVIDIA's latest market capitalization is a staggering $1.38 trillion, and the stock is up 127% over the last 12 months. 2023 memory industry revenues declined 37%, roughly in line with Samsung's performance, but more than other memory companies like SK hynix and Micron. Intel has promptly sold most of its memory business to SK hynix.

Intel's return is no accident. In the global semiconductor market's sharp fluctuations, Intel with its deep technical accumulation and market layout, showing strong anti-risk ability. At the same time, samsung's performance decline, mainly due to its semiconductors in excess inventory and poor sales of mobile processors.

The rise of NVIDIA, on the other hand, represents the booming development of the AI chip market. With the widespread adoption of AI technology, NVIDIA's GPUs have taken a major role in AI computing. Its semiconductor revenue grew by 56.4% in 2023, a growth rate that led all top five suppliers.

Apart from these two giants, other vendors are also showing their own characteristics. For example, Broadcom has maintained steady revenue growth because of its leadership in the field of in-vehicle chips. SK Hynix, on the other hand, saw its overall revenue decline quite a bit last year due to plummeting memory chip prices.