Top 7 Companies in the Semiconductor Chip Manufacturing Industry

Top 7 Companies in the Semiconductor Chip Manufacturing Industry

From Nvidia to Qualcomm, these companies the powerhouses driving the global tech industry. 

The semiconductor chip manufacturing industry is a vital component of the global technology sector. These tiny chips power everything from smartphones and laptops to artificial intelligence (AI) and autonomous vehicles. Their wide variety of uses makes them an indispensable part of our everyday lives. So much so that the chip shortage in 2021 caused significant disruptions in the electronics industry. As of 2022, the semiconductor industry is worth US$573 billion. It is expected to grow into a trillion-dollar industry by 2030, with 70% of this growth coming from skyrocketing demand in AI, automation, the Internet of Things (IoT), machine learning, data storage and wireless industries.  

With such high stakes, many companies are investing heavily in research and development to create the smallest, fastest and cheapest semiconductor chips. In this article, we highlight the top seven leading semiconductor chip manufacturing companies that have a proven track record of delivering innovative products and reliable supply chains. Whether you’re a tech enthusiast, investor, or simply interested in the latest developments in the technology sector, this list is essential reading.


Nvidia, a U.S.-based gaming and AI company has been a major player in the semiconductor chip manufacturing industry since 1999. The company specializes in creating GPUs for gaming and crypto mining. As of 2022, Nvidia holds a 10% market share in the overall market for graphics processing units (a GPU needs semiconductors to function).  

Nvidia has created some extremely popular tech products such as GeForce GPUs and Nvidia Quadro/RTX (professional-level GPUs meant to be used in computer-aided design). Nvidia recently made headlines for creating the NvidiaA100, a US$10,000 chip designed to support artificial intelligence (AI) models like ChatGPT and Bing AI. As of writing this article, Nvidia has a market capitalization of US$580 billion

Advanced Micro Devices (AMD)

Advanced Micro Devices (AMD) is a U.S.-based semiconductor company that has been in the industry since 1969. The company specializes in creating semiconductor devices for computer processing, and some of its popular products include Ryzen 7 5800 X, Ryzen 7 8300 X and Ryzen 9 3900 X. Instead of creating its own microprocessors, AMD updates the chips made by other companies and improves their efficiency. 

Some of AMD’s biggest clients are Microsoft, Lenovo and Dell. As of March 2023, AMD’s market capitalization was US$130 billion. Just like Nvidia, AMD has also announced an AI chip this year—the Ryzen 7000, a chip that is meant to help accelerate AI content creation. Its key features are its adaptability to different applications and energy efficiency. 


Intel is a major American semiconductor manufacturer, holding 9.7% of the global semiconductor market as of 2022. Founded in 1968, Intel made the world’s first microprocessor chip (a type of semiconductor chip) in 1971. The company is best known for creating microprocessors for almost all the personal computers used across the world today. Some of their biggest products throughout history are Intel 8086, Intel 80638, Intel Pentium and Intel Core 2 Duo, to name a few.

In 2021, Intel made its debut in the GPU market with the Arc series of GPUs, disrupting the duopoly of Nvidia and AMD. The Arc series has four different variants under it—Alchemist, Battlemage, Celestial and Druid. As of writing, Intel has a market capitalization of US$104 billion.

Taiwan semiconductor manufacturing company (TSMC)

Founded in 1987, TSMC is the world’s largest contract manufacturer of semiconductors. The company has more than 12,300 products and a vast clientele of 535 companies worldwide, including Sony and Apple. Even other chip manufacturing companies, such as Nvidia, Qualcomm and AMD, buy semiconductors from TSMC. Its biggest product is the 28-nanometer (nm) system-on-chip, which makes up 11% of its revenue.

In 2023, TSMC made news for investing US$40 billion in the construction of its semiconductor factory in Arizona. Currently, TSMC has a market capitalization of US$464 billion

Samsung Electronics

Samsung Electronics, a South Korean conglomerate, is one of the world’s largest producers of electronic devices and components, including semiconductor chips. The company has a long-standing history in the electronics market, entering the electronics market in 1969 and establishing its own semiconductor branch in the late 70s. Samsung designs its own chips for its line of cell phones, cars and data centers. 

In 2022, Samsung began mass-manufacturing the world’s first 3-nm chips and also announced its plans to triple advanced chip production, including 2-nm technology chips by 2025 and 1.4-nm chips by 2027. As of writing, Samsung has a market capitalization of US$313 billion

Micron Technology 

Micron Technology is a semiconductor company founded in 1978 specializing in memory solutions used in automobiles, servers and computers, with Apple being one of its biggest customers. Besides Apple, Hewlett-Packard Company, Kingston and Intel Corporation are a part of its customer base. Some of its most popular products are DRAM and NAND flash memory chips.

Amid the global chip shortage in 2021, the company announced its plans to invest over US$150 billion over the next decade to address ‌growing demand for memory. Micron Technology has a market capitalization of US$63 billion.

Qualcomm Incorporated

Qualcomm Inc is a global semiconductor company founded in 1985. The company developed its own semiconductors in 2006 and released its first chip—Snapdragon SoC (systems on chip) in 2007. Today, Qualcomm’s chips are found in almost every mid-range and high-end Android smartphone. Some of their most well-known chips include Snapdragon 8 Gen 1 and Snapdragon 778G.

In February 2023, the company revealed that it was working with some Android smartphone makers to provide satellite-based messaging services to their customers. Qualcomm has a market capitalization of US$138 billion.

Each and every company on this list are some of the biggest and most influential players in the semiconductor industry. Their products have had tremendous contributions to the technology landscape, from Nvidia’s graphics cards to Samsung’s smartphones. However, they are just a few of the total of 53,000 semiconductor companies that make up the global semiconductor market, all of which are critical to powering we rely on every day. As technology continues to evolve and shape our world, the semiconductor industry is poised for even more growth and innovation, with potentially more up-and-coming businesses joining the ranks of these industry leaders in the years to come. 

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Header image courtesy of Envato


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