Intel Lags as Market Share Shifts in 2024

Global chip makers saw big gains last year, a new Gartner study shows. The report looks at firms that make and sell their chips. It leaves out companies like TSMC that just make chips for others. TSMC had sales of $88 billion but does not appear on the list.

Samsung led the growth, earning more money from memory chips. The firm's sales went up 62.5 percent to $65 billion, boosting Samsung's share of the market from 7.73 percent to 10.6 percent.

Other companies made strong gains as well. SK Hynix and Micron Technology both saw their sales rise by 80 percent. Nvidia matched this growth rate thanks to more people buying its chips for smart computers. Nvidia's share of the market went from 4.73 percent to 7.3 percent.

Intel faced a different story. Its sales stayed flat, and its market share fell to 7.9 percent. This marked a drop from its top spot in 2023. Infineon Technologies was the only big firm that made less money than before.

The whole chip market grew by 18 percent, and memory chips made up 24.2 percent of all sales. The report checked numbers from many well-known firms, such as Qualcomm, Broadcom, AMD, and Apple, through 2023 and 2024.
 

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