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Nvidia Overtakes Intel, Samsung, TSMC in Q3 Revenue

CIO Insider Team | Tuesday, 28 November, 2023
Separator

Nvidia, a graphics chip giant, became the most successful semiconductor company surpassing major industry players such as Intel, Samsung, and Taiwan Semiconductor Manufacturing Company (TSMC) during the third quarter of this year.

Nvidia also beat them in profit, especially by surpassing Intel with $ 8 million and Samsung’s $2.86 billion, which also happened to be wiped out by the NAND flash crisis.

Intel, Samsung, and TSMC were believed to be doing significantly better in revenue ahead of the year by posting at least more than $ 20 billion in revenue for one quarter during 2021.

Since Apple, Google, Amazon and even Microdoft are making their own processors and are far karger in terms of employee count and revenue. Nvidia’s next closest rival is expected to be Microsoft which made $52.9 billion in Q3.

Nvidia’s revenue for Q3 reached US$ 18.12 billion bagging a profit of US$ 10.42 billion and marking a 206 percent year-over-year increase, according to financial results compiled by Taipei-based analyst Dan Nystedt.

For Nvidia, this year has been nothing short as it landed $ 13.5 billion in Q2 which is said to be impressive on its own and it followed up with $18.2 billion in Q3.

"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.

For Nvidia, this year has been nothing short as it landed $ 13.5 billion in Q2 which is said to be impressive on its own and it followed up with $18.2 billion in Q3. this kind of quick growth is practically said to be unheard of in the semiconductor industry.

AMD has also not witnessed a revenue more than triple in the time of a single year as it began to gobble up the market share.

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