The semiconductor industry is the aggregate collection of companies engaged in the design and fabrication of semiconductor devices. It formed around 1960, once the fabrication of semiconductors became a viable business. It has since grown to be a $412.2 billion industry in 2017.
Unique features of the industry include continuous growth but in a cyclical pattern with high volatility. While the current 20 year annual average growth of the semiconductor industry is on the order of 13%, this has been accompanied by equally above-average market volatility, which can lead to significant if not dramatic cyclical swings. This has required the need for high degrees of flexibility and innovation in order to constantly adjust to the rapid pace of change in the market as many products embedding semiconductor devices often have a very short life cycle.
At the same time, the rate of constant price-performance improvement in the semiconductor industry is staggering. As a consequence, changes in the semiconductor market not only occur extremely rapidly but also anticipate changes in industries evolving at a slower pace. The semiconductor industry is widely recognized as a key driver and technology enabler for the whole electronics value chain.
The following are the 10 largest semiconductor companies as ranked in 2018 by IC Insights based on annual revenue.
The following are the 10 largest semiconductor companies as ranked in Q1 2019 by IC Insights based on quarterly revenue.
|Name||HQ country||Revenue (US$)||Net Profits (US$)||Hardware Products|
|Samsung Electronics||South Korea||NAND flash memories, DRAMs, CMOS sensor, RF transceivers, OLED panels|
|Micron||USA||DRAM, NAND Flash, SSD, NOR Flash, Managed NAND, Multichip packages|
|SK Hynix||South Korea|
|Texas Instruments (TI)||USA|
|Analog Devices||USA||Amplifiers, Data converters, Audio and Video products,RF & Microwave, Sensors & MEMS|
|Microchip||USA||Microcontroller and analog semiconductors|
Companies in the table above without a note are IDMs, or Integrated Device Manufacturers. They may or may not offer foundry services.
- Pure-play foundries. They may or may not offer design services to third parties, as well as mask (photomask) making, semiconductor packaging and testing services, which can also be outsourced to other companies. An example is TSMC, which offers design, testing and packaging services, TCE phtomasks, which offers only mask making services, and ChipMOS, which offers only packaging and testing services.
- Fabless suppliers. They may or may not offer design services to third parties.
- Staff, ReportLinker. “Global Semiconductor Market Outlook 2022.” January 13, 2016. February 19, 2016.
- Manners, David (14 November 2018). "Top Ten (+5) Semiconductor Companies 2018". Electronics Weekly. Retrieved 15 June 2019.
- "Intel Tops Q1 Chip Sales; Semiconductor Market to Decline 7.2% in 2019". IC insights. May 17, 2019.