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This is world's most profitable chip company. It's not Intel or Samsung

Not Intel or Qualcomm or Samsung, but this company has emerged as the most profitable chipmaking company for the third quarter of 2023.

Edited By: Shubham Verma

Published: Nov 27, 2023, 08:47 PM IST

Nvidia has emerged as the most profitable chipmaker for the third quarter.
Nvidia has emerged as the most profitable chipmaker for the third quarter.

Story Highlights

  • Nvidia was the most profitable chipmaking company for the third quarter of 2023.
  • Nvidia's revenue was $18.12 billion in the third quarter of this year.
  • Samsung among all chipmakers is facing a hard time with the prices of chips.

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.

“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.

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.

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

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Author Name | Shubham Verma

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