ST returns to the top ten semiconductor suppliers in 2023
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STMicroelectronics has moved into the top ten semiconductor suppliers in 2023 according to the latest figures from Gartner.
The boost to revenue of over $17bn takes ST to the number 8 slot in the top ten semiconductor suppliers in 2023, overtaking competitor Texas Instruments. This was the same position it held in 2019, and the 7.7% growth in 2023 was largely driven by a strong position in automotive.
However that does not take into account the recent restructuring following the departure of automotive executive Marco Monti.
- ST announces re-organization as automotive executive leaves
- ST sees 7% growth for 2023 to top $17bn
- ST opens up its edge AI tool to other chips
Overall the market fell 11.1% to $533bn, largely down to a dramatic fall in memory process says Gartner. The combined semiconductor revenue of the top 25 semiconductor vendors declined 14.1% in 2023, accounting for 74.4% of the market, down from 77.2% in 2022.
Top 10 Semiconductor Vendors by Revenue, Worldwide, 2023 (Billions of U.S. Dollars)
|
2023 Rank |
2022 Rank |
Vendor |
2023 Revenue |
2023 Market Share (%) |
2022 Revenue |
2023-2022 Growth (%) |
|
1 |
2 |
Intel |
48.664 |
9.1 |
58.436 |
-16.7 |
|
2 |
1 |
Samsung Electronics |
39.905 |
7.5 |
63.823 |
-37.5 |
|
3 |
3 |
Qualcomm |
29.015 |
5.4 |
34.780 |
-16.6 |
|
4 |
6 |
Broadcom |
25.585 |
4.8 |
23.868 |
7.2 |
|
5 |
12 |
NVIDIA |
23.983 |
4.5 |
15.331 |
56.4 |
|
6 |
4 |
SK Hynix |
22.756 |
4.3 |
33.505 |
-32.1 |
|
7 |
7 |
AMD |
22.305 |
4.2 |
23.620 |
-5.6 |
|
8 |
11 |
STMicroelectronics |
17.057 |
3.2 |
15.842 |
7.7 |
|
9 |
9 |
Apple |
17.050 |
3.2 |
18.099 |
-5.8 |
|
10 |
8 |
Texas Instruments |
16.537 |
3.1 |
18.844 |
-12.2 |
|
|
|
Others (outside top 10) |
268.853 |
50.7 |
294.729 |
-8.8 |
|
|
|
Total Market |
533.025 |
100.0 |
599.562 |
-11.1 |
Source: Gartner (January 2024)
The fall in the memory market also saw Intel replace Samsung in the number one slot after two turbulent years. Intel’s 2023 revenue totalled $48.7 billion while Samsung’s revenue reached $39.9bn, but the recovery in the memory business is likely to see Samsung retain the top spot.
Nvidia was the biggest gainer in the top ten, moving up to 5th on the back of the boom in AI driving sales of its GPU chips up 56.4% to $24bn.
“While the cyclicality in the semiconductor industry was present again in 2023, the market suffered a difficult year with memory revenue recording one of its worst declines in history,” said Alan Priestley, VP Analyst at Gartner. “The underperforming market also negatively impacted several semiconductor vendors. Only 9 of the top 25 semiconductor vendors posted revenue growth in 2023, with 10 experiencing double-digit declines.”
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Revenue for memory products declined 37% in 2023, experiencing the biggest decline of all the segments in the semiconductor market.
“Smartphones, PCs and servers, three of the largest segments for DRAM and NAND, faced weaker than expected demand and excess channel inventory, especially in the first half of 2023,” said Joe Unsworth, VP Analyst at Gartner.
In 2023, DRAM revenue declined 38.5% to total $48.4 billion and NAND flash revenue decreased from 37.5% to $36.2 billion.
Non-memory revenue fared better and declined 3% in 2023. The market saw weaker demand and excess channel inventory negatively impacted the segment throughout the year said Gartner.
“Unlike the memory vendors, most non-memory vendors experienced a relatively benign pricing environment in 2023,” said Unsworth. “The demand for non-memory semiconductors for AI applications was the strongest growth driver, with the automotive sector (especially electric vehicles), defence and aerospace industries, also outperforming most other application segments.”
www.gartner.com/en/industries/high-tech.
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