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16 Largest Semiconductor Companies by Market Cap

In this piece, we will take a look at the 16 largest semiconductor companies by market capitalization. For more companies, head on over to 5 Largest Semiconductor Companies by Market Cap.

The semiconductor industry is among the most popular and lucrative sectors in the world. With chips now starting to be heralded as the ‘new oil’, their ubiquity has ensured that the modern day world can not function without the valuable resource. Whether it is the smartphone in your hand, the computer on your desk, the engine control system in your car, or the large data centers that power your shopping experiences, chips are silently ticking away at the center of nearly every modern day convenience.

Therefore, it is not surprising that the semiconductor industry itself has lucrative future estimates. For instance, a research report by Allied Markets Research believes that the industry was already worth $555 billion in 2021. From then until 2031, it will grow at a compounded annual growth rate (CAGR) of 6.21% to sit at a whopping $1 trillion by the end of the forecast period. The research firm states that this growth will be driven by the growth in consumer electronics, particularly due to the growth in the Internet of Things (IoT) gadgets spurred by the proliferation of fifth generation (5G) telecommunications infrastructure. Additionally, machine learning and artificial intelligence are now playing a central role in how major companies operate throughout the globe, and their computational requirements are also expected to spur the demand for advanced semiconductors.

Another report, this time from Fortune Business Insights, has an even more optimistic growth outlook for the chip sector. It estimates that the industry was worth $528 billion in 2021, and from then until 2029, it will grow at a strong CAGR of 12.2% to be worth $1.3 trillion by as early as 2029. Fortune Business concurs with Allied Markets in the belief that IoT will spur growth, but it goes on to add that China will be the fastest growing region as larger chunks of its population gain smartphone access. The Chinese market already accounted for half of the semiconductor revenue pie in 2021, as it generated $289 billion worth of sales.

With these details in mind, it is time to take look at the largest semiconductor firms in the world. You’re likely to have come across several of them, due to regular media coverage for companies such as NVIDIA Corporation (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), and Samsung Electronics Co. Ltd. (KRX:005930.KS).

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Our Methodology

We took a look at the chip sector to pick out which companies are the important players. These are then ranked according to their market capitalization.

 Largest Semiconductor Companies by Market Cap

16. Synopsys, Inc. (NASDAQ:SNPS)

Market Value as of  December 4, 2022: $53 billion

Synopsys, Inc. (NASDAQ:SNPS) is an American backend semiconductor firm. Its products let companies design and test chips, to ensure that the products meet end performance requirements. The firm is headquartered in Mountain View, California.

Synopsys, Inc. (NASDAQ:SNPS) is heavily targeting the IoT market through its design and automation products. These products enable chip makers to automate the design process and reduce errors. Additionally, Synopsys, Inc. (NASDAQ:SNPS) is also leveraging cloud computing to offer its customers cloud based design and automation productions.

As part of their third quarter of 2022 investments, 42 out of the 920 hedge funds polled by Insider Monkey had invested in Synopsys, Inc. (NASDAQ:SNPS).

Synopsys, Inc. (NASDAQ:SNPS)’s largest investor is Panayotis Takis Sparaggis’ Alkeon Capital Management which owns 1.9 million shares that are worth $587 million.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), NVIDIA Corporation (NASDAQ:NVDA), and Samsung Electronics Co. Ltd. (KRX:005930.KS) are met by Synopsys, Inc. (NASDAQ:SNPS) in our list of the world’s largest semiconductor companies.

15. Tokyo Electron Limited (TYO:8035.T)

Market Value as of  December 4, 2022: $53.35 billion (1YEN = 0.0074USD)

Tokyo Electron Limited (TYO:8035.T) is a Japanese firm that sells a host of different chip production equipment such as wafer bonders, test systems, etch systems, deposition systems, and surface preparation systems. The firm is based in Tokyo, Japan.

The fabrication of a chip involves preparing a silicon wafer to be imprinted with billions of different circuits. These circuits are built by first depositing the material on the wafer and then removing the unnecessary material, in a process that is called deposition and etching. Tokyo Electron Limited (TYO:8035.T) provides equipment for all these processes, lending it a crucial role in the industry that is concentrated mostly in the United States. Additionally, the U.S. government’s recent ban on American companies from working in China provides the firm with a new opportunity to target the East Asian country.

Tokyo Electron Limited (TYO:8035.T) has a market capitalization of $53.35 billion.

14. KLA Corporation (NASDAQ:KLAC)

Market Value as of  December 4, 2022: $55.2 billion

KLA Corporation (NASDAQ:KLAC)’s products let chip makers inspect their products for defects, ensure that the materials used in fabrication are of adequate quality, and monitor the manufacturing process to run diagnostics. The firm is based in Milpitas, California.

KLA Corporation (NASDAQ:KLAC) is the best suited chip equipment supplier out of its peers to weather the storm of the latest American ban that prevents U.S. firms or their U.S. citizen personnel from working in China. The firm’s year to September revenue growth stands at 33%, far outpacing its American rivals who have grown only in single digits.

40 out of the 920 hedge funds polled by Insider Monkey for their third quarter of 2022 investments had bought KLA Corporation (NASDAQ:KLAC)’s shares.

Out of these, KLA Corporation (NASDAQ:KLAC)’s largest investor is Panayotis Takis Sparaggis’ Alkeon Capital Management which owns 1.2 million shares that are worth $381 million.

13. Micron Technology, Inc. (NASDAQ:MU)

Market Value as of  December 4, 2022: $59.45 billion

Micron Technology, Inc. (NASDAQ:MU) is an American firm that targets the memory segment of the semiconductor market. This segment serves the needs of personal computing, enterprise computing, and other markets. The company is headquartered in Boise, Idaho.

Micron Technology, Inc. (NASDAQ:MU) is only one of three companies in the world that sells memory products, ensuring that it is operating in an oligopoly with high barriers to entry in the form of technological requirements and capital expenditures. Additionally, it is the only American firm in the market.

Insider Monkey’s Q3 2022 survey that analyzed 920 hedge fund portfolios found 74 investors in Micron Technology, Inc. (NASDAQ:MU).

Jim Simons’ Renaissance Technologies is Micron Technology, Inc. (NASDAQ:MU)’s largest shareholder. It owns 7.4 million shares that are worth $374 million.

12. Lam Research Corporation (NASDAQ:LRCX)

Market Value as of  December 4, 2022: $62.42 billion

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor manufacturing equipment provider. The firm designs and sells products such as deposition, film treatment, etch, and die yield enhancement products. It is based in Fremont, California.

Lam Research Corporation (NASDAQ:LRCX)’s products cover a wide variety of deposition and etching technologies. They enable chip fabricators to use tungsten metallization, plasma chemical vapor, and atomic layer deposition. On the etch side, Lam Research Corporation (NASDAQ:LRCX)’s products allow for dielectric, conductor, through silicon via, and metal etch processes.

By the end of this year’s September quarter, 63 out of the 920 hedge funds polled by Insider Monkey had invested in Lam Research Corporation (NASDAQ:LRCX).

Lam Research Corporation (NASDAQ:LRCX)’s largest shareholder is Rajiv Jain’s GQG Partners which owns 3.7 million shares that are worth $1.3 billion.

11. Analog Devices, Inc. (NASDAQ:ADI)

Market Value as of  December 4, 2022: $85.88 billion

Analog Devices, Inc. (NASDAQ:ADI) deals in signals transmission products such as analog to digital and digital to analog processors. The firm is headquartered in Wilmington, Massachusetts.

Analog Devices, Inc. (NASDAQ:ADI) reported $12 billion in revenue for its fiscal year 2022, alongside $4.5 billion in operating cash flow, and $3.8 billion in free cash flow. This enabled the firm’s free cash flow to sit at 31% of its revenue at a time when its capital expenditure soared to a record $699 million.

66 out of the 920 hedge funds polled by Insider Monkey for their third quarter of 2022 investments had held a stake in Analog Devices, Inc. (NASDAQ:ADI).

Analog Devices, Inc. (NASDAQ:ADI)’s largest hedge fund investor in our database is David Blood and Al Gore’s Generation Investment Management which owns 4.9 million shares that are worth $694 million.

10. Applied Materials, Inc. (NASDAQ:AMAT)

Market Value as of  December 4, 2022: $91.8 billion

Applied Materials, Inc. (NASDAQ:AMAT) provides semiconductor manufacturing equipment and fab productivity and efficiency products. The firm is headquartered in Santa Clara, California, the United States.

By the end of 2021, Applied Materials, Inc. (NASDAQ:AMAT) was the largest wafer fabrication equipment provider as it raked in $18.57 billion in revenue from its systems division alone. This made the firm larger than ASML, which is the sole provider of high end chip fabrication machines that all manufacturers rely on for their operations.

As this year’s September quarter ended, 67 of the 920 hedge funds polled by Insider Monkey had invested in Applied Materials, Inc. (NASDAQ:AMAT).

Applied Materials, Inc. (NASDAQ:AMAT)’s largest shareholder is David Blood and Al Gore’s Generation Investment Management which owns 6.7 million shares that are worth $549 million.

9. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Market Value as of  December 4, 2022: $120.8 billion

Advanced Micro Devices, Inc. (NASDAQ:AMD) is an American semiconductor designer and seller. The firm sells central processing units (CPUs) and graphics processing units (GPUs). It is headquartered in Santa Clara, California.

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s products are used by companies for their data centers and heavy duty operations such as product designs, for gamers to run video games, and even by console companies such as Sony and Microsoft to power gaming consoles. The company has risen meteorically over the past couple of years, with its share price up by a whopping 654% over the past five years.

Insider Monkey’s Q3 2022 survey covering 920 hedge funds outlined that 89 had invested in Advanced Micro Devices, Inc. (NASDAQ:AMD).

Ken Fisher’s Fisher Asset Management is Advanced Micro Devices, Inc. (NASDAQ:AMD)’s largest investor. It owns 19 million shares that are worth $1.2 billion.

8. Intel Corporation (NASDAQ:INTC)

Market Value as of  December 4, 2022: $121.4 billion

Intel Corporation (NASDAQ:INTC) is one of the oldest and largest chip manufacturers in the world, which is widely credited to have invented the modern day integrated circuit.

Intel Corporation (NASDAQ:INTC) is currently investing heavily in expanding its chip fabrication facilities to catch up with TSMC, the world’s largest contract chip manufacturer. The firm is procuring advanced machines from the Dutch firm ASML, and its new plants anticipate boosting revenues to a whopping $106 billion by 2026.

69 out of the 920 hedge funds polled by Insider Monkey for their September quarter of 2022 portfolios had held a stake in Intel Corporation (NASDAQ:INTC).

Intel Corporation (NASDAQ:INTC)’s largest investor is John Overdeck and David Siegel’s Two Sigma Advisors which owns 15 million shares that are worth $390 million.

7. QUALCOMM Incorporated (NASDAQ:QCOM)

Market Value as of  December 4, 2022: $140.87 billion

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the world’s largest chip designers and sellers whose products are used in a wide variety of gadgets such as smartphones, cars, IoT gadgets, and even a Mars helicopter.

QUALCOMM Incorporated (NASDAQ:QCOM)’s fourth fiscal quarter saw the firm win a massive $30 billion in automotive design contracts, which marked for a whopping 300% annual growth at a time when the broader industry was battling recession fears.

Insider Monkey took a look at 920 hedge fund holdings for this year’s third quarter to determine that 80 had bought QUALCOMM Incorporated (NASDAQ:QCOM)’s shares.

Out of these, David Goel and Paul Ferri’s Matrix Capital Management is QUALCOMM Incorporated (NASDAQ:QCOM)’s largest shareholder with a $377 million stake that comes via 3.3 million shares.

6. Texas Instruments Incorporated (NASDAQ:TXN)

Market Value as of  December 4, 2022: $161.24 billion

Texas Instruments Incorporated (NASDAQ:TXN) designs and sells microcontrollers, digital signal processors, and power control products. The firm is based in Dallas, Texas.

Texas Instruments Incorporated (NASDAQ:TXN) is one of the strongest chip dividend stocks in the industry since it has grown its dividend for 19 years and has a 60 year streak of no dividend reduction. It also aims to return 100% of its free cash flow to investors in the form of either dividends or share buybacks. Texas Instruments Incorporated (NASDAQ:TXN) pays a $1.24 dividend for a 2.79% yield.

By the end of Q3 2022, 59 of the 920 hedge funds polled by Insider Monkey had held a stake in Texas Instruments Incorporated (NASDAQ:TXN).

Texas Instruments Incorporated (NASDAQ:TXN)’s largest investor is Jean-Marie Eveillard’s First Eagle Investment Management which owns 3.5 million shares that are worth $556 million.

Texas Instruments Incorporated (NASDAQ:TXN) is one of the largest chip companies in the world, alongside others such as NVIDIA Corporation (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), and Samsung Electronics Co. Ltd. (KRX:005930.KS).

Click to continue reading and see 5 Largest Semiconductor Companies by Market Cap.

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Disclosure: None. 16 Largest Semiconductor Companies by Market Cap is originally published on Insider Monkey.

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