Nvidia officially becomes the world's largest chip company

Overcoming big names like Intel, Samsung, TSMC, Nvidia officially became the world's most profitable chip manufacturer in the third quarter of 2023.

Starting 2023 in fourth place, Nvidia – the famous GPU maker – quickly rose to become the world's largest semiconductor company in the third quarter by revenue and profit thanks to the "fever" created by AI.

Biến động doanh thu, lợi nhuận của TSMC, Samsung, Intel, Nvidia từ năm 2021 tới nay.

Revenue and profit fluctuations of TSMC, Samsung, Intel, Nvidia from 2021 to present.

According to financial expert Dan Nystedt's collection of business results for big names such as Intel, Nvidia, Samsung Semiconductor, TSMC in all quarters since the beginning of 2021. The data shows that Nvidia has beaten everyone and is the most "profitable" chip company.

The company's revenue in the third quarter of 2023 alone reached $18.12 billion, an increase of 206% compared to the same period in 2022. Meanwhile, profit reached $10.42 billion, mostly from AI chips for data centers.

By comparison, TSMC – the world’s largest contract chipmaker – earned $7.21 billion in profit on $17.28 billion in revenue.

Also in the third quarter of 2023, Intel's revenue reached $14.16 billion but lost $8 million. Samsung Semiconductor - Samsung's chip manufacturing and design division - recorded revenue of $12.52 billion and lost $2.86 billion.

Samsung is the world's largest memory chip maker but has faced tough times due to falling prices for the components and customers becoming more cautious in recent years.

Source