Institution: Q2 semiconductor total revenue reaches a new high of $162.1 billion, with Intel's market share at its lowest point in history
Omdia reported in its latest analysis that the total semiconductor revenue reached a new high of $162.1 billion in the second quarter of 2024, with a quarterly growth of 6.7%. This figure is about $500 million higher than the record set in the fourth quarter of 2021.The report points out that this record breaking growth is mainly due to Nvidia. It is the industry's largest source of revenue, with its semiconductor quarterly revenue currently $18 billion higher than the fourth quarter of 2021. And Nvidia's dominant position is mainly attributed to AI demand, although other semiconductor fields have also benefited from AI growth.
Storage companies benefit from the demand for AI, especially high bandwidth memory (HBM) chips that support AI chips. In addition, the supply-demand balance in the storage market has improved, driving the development of other fields. After a challenging 2023, the market has recovered and quarterly revenue has now exceeded $40 billion.
Omdia Chief Analyst Cliff Leimbach pointed out that Nvidia continues to expand its market share, currently occupying 14.8% of the semiconductor market by revenue, driven by strong AI demand; Intel has always been ranked first or second in history, and has been ranked third for three consecutive quarters this quarter. Intel's market share in the second quarter of 2024 was 7.5%, marking its lowest market share since Omdia began tracking the semiconductor market in the first quarter of 2002.
Omdia Chief Analyst Cliff Leimbach pointed out that Nvidia continues to expand its market share, currently occupying 14.8% of the semiconductor market by revenue, driven by strong AI demand; Intel has always been ranked first or second in history, and has been ranked third for three consecutive quarters this quarter. Intel's market share in the second quarter of 2024 was 7.5%, marking its lowest market share since Omdia began tracking the semiconductor market in the first quarter of 2002.