Fabless chip companies’ ranking reflects revenue plunge

Fabless chip companies’ ranking reflects revenue plunge

Market news |
By Peter Clarke

Most of the top fabless chip companies saw their revenues decline sequentially in 4Q22 due to difficult end-market conditions, according to TrendForce. The decline is expected to continue into 1H23.

The top ten ranked fabless chip companies saw their aggregate quarterly revenues decline from about $37 billion in 3Q22 to about $34 billion in 4Q22, a drop of 9.2 percent, according to the market research firm.

Top ten fabless chip companies ranked by 4Q22 revenue (US$ millions). Source: TrendForce, April 2023.

There was no change of positions at the top of the ranking but the top fabless chip company, Qualcomm, saw a 20.3 percent revenue decline. This was because of reduced spending on smartphones and IoT. Broadcom, ranked second, achieved revenue growth of 2.4 percent due to strength in server, storage and connectivity markets.

Fifth ranked MediaTek, which also relies on smartphone sales, lost more than one quarter of its revenue compared with the previous quarter. Realtek lost nearly a third of its revenue and dropped a place in the ranking.

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