This is worlds most profitable chip company. Its not Intel or Samsung

Graphics chip giant Nvidia has become the most profitable semiconductor firm in the third quarter (Q3) of this year, surpassing Intel, Samsung, and Taiwan Semiconductor Manufacturing Company (TSMC). Taipei-based financial analyst Dan Nystedt compiled financial results from Intel, Nvidia, Samsung Semiconductor, and TSMC for all quarters since Q1 2021, and the figures showed that Nvidia has surpassed all others to become the world’s most profitable chip company. Also Read: 3rd-Gen Qualcomm Oryon CPU Explained: The Key Upgrades You Should Know

“Nvidia swooped in and took the third quarter chip industry revenue crown, beating out TSMC, Intel and Samsung as the generative AI trend continues to strengthen,” Nystedt posted on X. “Nvidia could win second place in full-year chip revenue in 2023, beating Intel and Samsung, while TSMC remains on track to take the title,” he added. Nvidia’s revenue was $18.12 billion in the third quarter of this year, with a profit of $10.42 billion, a 206 percent (year-over-year) increase, with AI chips for data centres accounting for the majority of the profit. The news was first reported by SamMobile. Also Read: Samsung Confirms Galaxy Tab A11+ India Launch: Check Features, Specs, And Availability

In comparison, TSMC, the world’s largest contract chip manufacturer, generated $17.28 billion in revenue and $7.21 billion in profit. Intel’s revenue for the third quarter of 2023 was $14.16 billion, but it lost $8 million. Samsung Semiconductor, Samsung’s chip designing and manufacturing arm, had revenue of $12.52 billion but losses of $2.86 billion. Also Read: Samsung Launches ‘DigiArivu’ Program To Boost Digital And STEM Education In Tamil Nadu

According to the report, Samsung Semiconductor is facing a hard time because of the prices of memory chips and the clients have been wary of that over the past few years. Nonetheless, considering that the demand for chips will increase in the coming quarters, Samsung has invested large swaths of money to improve its chip fabrication technology. The report also said that Samsung is likely to get contracts to make chips from AMD and Qualcomm, two of the world’s biggest chipmakers.

— Written with inputs from IANS