Top 10 Semiconductor Companies with Billion-Dollar Market Cap in 2023

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Have you ever thought about how important semiconductors are? If you haven’t already, you should. Semiconductors are the unsung heroes of the modern era. They are not glamorous, but they are vitally necessary! Semiconductors are fueling the future growth of a wide range of industries, including communication, health, defense, and transportation. The semiconductor industry is important not just for electrical gadgets but also for sophisticated technology. As per the reports, top semiconductor companies are heavily investing in R&D. Hence, a lot more advanced technology will soon be at our service. But before we know about that, let’s understand what it is and how it is growing.

What is a semiconductor?

Semiconductors are the unsung heroes of the modern era. They are not glamorous, but they are vitally necessary! Materials with an intermediate electrical conductivity between conductors (such as metals) and insulators (such as rubber). Consider them a dimmer switch for power. Usually constructed of silicon or germanium, but can also be gallium arsenide. It is the foundation of most modern electronic gadgets, including computers, smartphones, appliances, and automobiles. Semiconductors are the electronics industry’s adaptable workhorses, powering everything from your phone to your car. Understanding them is essential for understanding the technology that shapes our lives!

Now, let’s jump into the listing. We have mentioned the top 10 semiconductor companies in terms of market capital:

  1. Nvidia Corporation
  2. TSMC (Taiwan Semiconductor Manufacturing Company Limited)
  3. Broadcom
  4. Samsung Seminconductor
  5. ASML
  6. AMD (Advanced Micro Devices)
  7. Intel Corporation
  8. Qualcomm
  9. Texas Instruments Incorporated
  10. Applied Materials

1. Nvidia Corporation

Image of Nvidia Corporation Headquarters
  • Market Cap: $1.24 Trillion
  • Headquarters: Santa Carla
  • Founders: Jensen Huang, Curtis Priem, Chris Malachowsky
  • Technology: Gaming Architecture, AI computing, Deep learning, ML

Nvidia Corporation is a multinational technology firm established in Delaware with headquarters in Santa Clara, California. It produces system-on-a-chip (SoC) chips for mobile computing and automotive applications in addition to graphics processing units (GPUs) for professional and gaming applications. It has achieved a global leadership position in artificial intelligence (AI), high-performance computing (HPC), and computer graphics. These multiple advancements are the reason it is at the top of the list of top semiconductor companies.

AI development and processing are accelerated by frameworks such as NVIDIA AI Enterprise (NAE) and libraries such as CUDA and TensorRT. AI platforms like Isaac Sim and DGX systems provide sophisticated hardware solutions for AI training and inference. AI-powered hardware and software for autonomous driving systems, including perception, planning, and control, are offered under the NVIDIA DRIVE platform. Partnerships with automakers such as Mercedes-Benz and Volvo Cars strengthen Nvidia’s position in future autonomous vehicles.

2. TSMC (Taiwan Semiconductor Manufacturing Company Limited)

Taiwan Semiconductor Manufacturing Company Limited

Market Cap: $ 533.83 Billion

Headquarters: Hsinchu Science Park, Taiwan

Founders: Morris Chang

Technology: High-Performance Computing, IoT, Automotive, Direct Consumer Electronics (DCE)

Taiwan Semiconductor Manufacturing Company, or TSMC, as it is more commonly abbreviated, is ranked second among the top semiconductor companies. It is the leading dedicated semiconductor foundry in the world. Founded in 1987, it has changed the chip industry by focusing entirely on manufacturing chips for other firms rather than creating and manufacturing its own. This “pure-play” model has made TSMC an essential partner for tech giants such as Apple, Qualcomm, and Nvidia, which rely on its advanced technology and manufacturing abilities to bring their ideas to reality. The dedication is paying off with revenue of $74.55 Billion (Tentative 2023).

TSMC produced 12,698 products for a range of applications and end markets in 2022, serving 532 clients. In 2022, the yearly capacity of TSMC and its subsidiaries’ manufacturing facilities exceeded 15 million 12-inch equivalent wafers. Four 12-inch wafer GIGAFAB® fabs, four 8-inch wafer fabs, and one 6-inch wafer fab are located in Taiwan. TSMC revealed in December 2022 that, in addition to TSMC Arizona’s first fab, it plans to begin production of N4 process technology in the first half of 2025. The company has already begun development on a second fab, which will begin producing 3nm process technology in 2026. This plan reflects why TSMC is among the largest semiconductor manufacturers.

3. Broadcom


Market Cap: $ 473.73 Billion

Headquarters: Stanford Research Park, Palo Alto

Founders: Henry Nicholas, Henry Samueli

Technology: Wireless Devices, Data Storage, Wearable Devices

Broadcom, Inc. is a leading multinational semiconductor and infrastructure software product innovator, developer, and manufacturer. Formerly known as Broadcom Corporation, it was renamed Broadcom Inc. after its acquisition by Avago. Founded in 1991, the company has developed to become a key player in a variety of tech areas through smart acquisitions and organic development. The acquisition of VMware by Broadcom in 2023 signaled a significant push into the cloud and virtualization software markets.

Broadcom has a strong market position in diverse segments. It is the market leader in Ethernet switching chips for data centers. It also dominates the production of Wi-Fi and Bluetooth connectivity chips for cell phones. Furthermore, Broadcom is a prominent supplier of storage controllers for enterprise applications. The firm recently demonstrated its dedication to innovation by releasing samples for its second-generation wireless connection chipset solutions, which are specifically designed to utilize the potential of Wi-Fi 7 technology. Broadcom (AVGO) has established its industry leadership with an overall score of 79.

4. Samsung Semiconductor

Samsung Semiconductor

Market Cap: $381.23 Billion

Headquarters: San Jose

Founders: Lee Jae-yong

Technology: Data Centers, Smartphones, Wireless Devices, AI and Robotics

The world knows Samsung as mobile phone and consumer electronics manufacturer. However, the company has diversified its portfolio by entering several crucial industries, like semiconductor manufacturing. It ranks fourth among the top semiconductor companies. Samsung is currently the world’s largest memory chip manufacturer, recognized for its creative and high-performance semiconductor devices. Samsung semiconductors, which include vital components such as CPUs, modems, and memory, can connect to 5G networks and handle massive volumes of data required to support sophisticated AI features.

Its foundry division, which serves big tech companies including NVIDIA and Qualcomm, ranks second internationally, after only TSMC. Samsung recently launched two new ISOCELL Vizion Sensors for Robotics and XR Applications. The ISOCELL Vizion sensors that have been introduced include the ISOCELL Vizion 63D time-of-flight (ToF) sensor and the ISOCELL Vizion 931 global shutter sensor. OEMs all over the world are now sampling Samsung ISOCELL Vizion 63D and ISOCELL Vizion 931 sensors.



Market Cap: $293.85  Billion

Headquarters: San Jose

Founders: ASM International, Philips

Technology: Semiconductor Equipment

ASML is a global firm established in the Netherlands that specializes in the development and manufacturing of photolithography devices that produce computer chips. The semiconductor industry’s unsung hero has a near-monopoly on the development of extreme ultraviolet (EUV) lithography systems. These ultra-precise devices are critical for carving tiny and intricate circuits into silicon wafers, allowing the development of the most powerful chips that power our modern world. The latest smartphones, computers, and data centers would not be possible without ASML’s EUV technology.

ASML Holding, one of the top semiconductor companies, displayed exceptional performance by increasing revenue by 91% to an astounding 6.74 billion euros with a net profit of 1.96 billion euros. ASML has placed restrictions on exporting machinery to China in a strategic move fit with its long-term ambitions, recognizing the changing global landscape.

6. AMD, Advanced Micro Devices

Image of AMD Semiconductor Company Headquarters

Market Cap: $226.41 Billion

Headquarters: Santa Carla

Founders: Jerry Sanders      

Technology: High-Performance Computing (HPC), Advanced Memory Technology, MI.

Founded in 1969 by Jerry Sanders and a group of engineers in Sunnyvale, California, AMD initially focused on producing RAM and other memory chips for computers. However, the company gradually shifted its focus towards microprocessors, entering the market with the Am9080, a direct competitor to Intel’s 8080. Moreover, AMD has evolved over the years, now targeting the data center and cloud computing market with its high-performance CPUs and EPYC™ server processors. The Ryzen™ processors power desktops, laptops, workstations, and servers, presenting strong competition to Intel’s Core™ series. In addition, Radeon™ graphics cards cater to gamers, content creators, and professionals, challenging NVIDIA’s GeForce™ line for market share. Furthermore, AMD develops software drivers, development tools, and optimization solutions to complement its hardware offerings.

This strategic approach has allowed AMD to steadily gain ground in the desktop and server CPU market, thereby challenging Intel’s long-standing dominance. As one of the top semiconductor companies, AMD has recently unveiled a significant investment plan, allocating a staggering US$135 million to expand its adaptive computing research, development, and engineering operations in Ireland.

7. Intel Corporation

Image of  Intel Corporation Semiconductor Company Headquarters

Market Cap: $196.71 Billion

Headquarters: Sant Clara

Founders: Gordon Moore, Robert Noyce

Technology: 5G Network, Autonomous driving, Blockchain, Neuromorphic computing.

Intel Corporation stands as one of the largest semiconductor manufacturers in the semiconductor industry, boasting exciting future prospects. The company serves as the powerhouse behind desktops, laptops, and servers, steering everything from everyday computing to high-performance workloads. Moreover, its Xeon processors and related solutions empower data centers and cloud computing, offering unmatched performance and reliability. However, Intel is not limited to processors; its entry into the dedicated graphics card market comes in the form of Arc™ GPUs, aiming to compete with industry giants NVIDIA and AMD. Similarly, from AI accelerators to neuromorphic computing, Intel actively explores and develops next-generation chip technologies, showcasing a commitment to innovation. Thus, it is noteworthy that Intel holds the title of the world’s largest semiconductor manufacturer in terms of sales and is the creator of the x86 series of microprocessors, found in the majority of personal computers.

8. Qualcomm

Image of Qualcomm Headquarters

Market Cap: $159.41 Billion

Headquarters: San Diego

Founders: Irwin Jacobs, Andrew Viterbi   

Technology: 5G & Wireless Technology, AI, Extended Reality (XR), and UR

Qualcomm, a prominent wireless technology innovator, is one of the top semiconductor businesses, playing an important role in defining the connected world. Founded in 1985 by Irwin M. Jacobs and six co-founders, the company’s early research on CDMA wireless cell phones was funded through the sale of Omnitracs, a two-way mobile digital satellite communications system. Moreover, Qualcomm possesses fundamental patents in mobile communication protocols, including 5G, 4G, CDMA2000, TD-SCDMA, and WCDMA. The renowned technologies at Qualcomm contribute to its excellence in the semiconductor industry.

However, Qualcomm’s impact extends beyond its foundational patents. The company leads the 5G chipset and technology sector, enabling faster data speeds, lower latency, and new opportunities for connectivity. In addition, Wi-Fi, Bluetooth, and cellular modems from Qualcomm form the backbone of our always-on world by connecting devices to the internet and networks. Similarly, Qualcomm integrates AI capabilities into its chipsets, allowing devices to handle complex tasks such as image recognition and natural language processing on-device. Therefore, Qualcomm’s multifaceted contributions underscore its pivotal role in advancing wireless technology and connectivity.

9. Texas Instruments Incorporated

Image of Texas Instruments Incorporated Semiconductor Company Headquarters

Market Cap: $153.03 Billion

Headquarters: Dallas, Texas

Founders: Cecil H. Green, J. Erik Jonsson, Eugene McDermott, Patrick E. Haggerty

Technology: New wireless battery management technologies for electric vehicles, ML

Texas Instruments Incorporated, headquartered in Dallas, Texas, is a leading semiconductor and integrated circuit manufacturer globally. With an extensive portfolio of over 80,000 products and a focus on incorporating core control and processing in its designs, Texas Instruments maintains a strong position in the industry.

As a seasoned player in the semiconductor sector, Texas Instruments continues to drive innovation across diverse sectors. Specializing in analog chips for signal processing and embedded processors for control and computation, the company addresses a wide range of applications, particularly in industrial automation. Its products include power sensors, actuators, and control systems in factories and infrastructure, contributing to seamless operational processes. Moreover, the company’s Q3 financial performance is noteworthy, with revenue reaching $4.53 billion, exceeding analyst expectations despite a year-over-year decline of 11%. The net income for the quarter stands at $1.71 billion, reflecting a decrease from $2.80 billion in the corresponding period last year. Additionally, the impressive free cash flow of $5.9 billion represents a substantial 30% of revenue.

10. Applied Materials


Market Cap: $134.90  Billion

Headquarters:  Santa Clara

Founders: Michael A. McNeilly

Technology: Semiconductor, Display, Roll-to-Roll Web Coating, Solar, Automation Software

Applied Materials, one of the top semiconductor companies, plays a critical role in defining the technology powering our daily lives. Founded in 1967 by Michael A. McNeilly and four other entrepreneurs, the company initially focused on supplying chemicals and equipment to the emerging semiconductor industry. However, under McNeilly’s charismatic and driven leadership, Applied Materials evolved with a vision to push the boundaries of chip manufacturing technology.

Moreover, Applied Materials distinguishes itself by not merely manufacturing equipment but by mastering the very fabric of modern technology. Their expertise lies in manipulating and depositing materials at the atomic level, facilitating the creation of intricate circuits on silicon wafers. Beyond providing individual tools, the company offers comprehensive “Integrated Materials Solutions” that seamlessly combine multiple processes with customized metrology and sensors for efficient chip production.

In addition, Applied Materials adopts an innovative approach with the PPACt Playbook, focusing on “Performance, Power, Area, Cost, and Time-to-Market.” This ensures that chips are not only powerful but also energy-efficient, compact, affordable, and produced quickly. Thus, Applied Materials stands as a technological leader, consistently pushing the boundaries and setting new standards in chip manufacturing.

Innovation for company growth

Company growth is fueled by innovation. Furthermore, the above-listed top 10 semiconductor companies with a billion-dollar market cap are well-versed and are producing cutting-edge technologies, resulting in beneficial outcomes. Persistence is the key to controlling half of the worldwide market, and the corporations listed above are doing it with perfection.

Also read: Industries That Have Been Drastically Changed By New Technology



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