IDC’s report indicated the top 10 vendors in the semiconductor integrated device manufacturing (IDM) market and their revenue growth for the first quarter of 2024.
Samsung ($14.873 billion), Intel ($12.139 bn), SK Hynix ($9.074 bn), Micron ($5.824 bn), Infineon ($3.959 bn), Texas Instruments ($3.661 bn), STMicroelectronics ($3.465 bn), NXP Semiconductors ($3.126 bn), Sony ($2.511 bn), and Murata ($2.46 bn) are the top TDM suppliers in the first-quarter.
The report highlights several key trends and developments:
Normalization of Memory Applications and Inventory Levels: Driven by a stabilizing device market and increased demand for AI training and inference in data centers.
High-Bandwidth Memory (HBM): Played a crucial role in the market’s development, with HBM’s higher pricing significantly boosting overall memory market revenue.
AI PCs and AI Smartphones: These new devices, requiring more memory content than traditional devices, have driven the memory market’s growth. Three out of the top five IDM vendors for the quarter were memory-related, capturing nearly half of the top 10 vendors’ revenue.
Market Dynamics
Computing: Remained the leading IDM application field in 1Q24, accounting for 35 percent of the total share, up from 29 percent in the same period last year.
Wireless Communication: Followed computing as a major application field.
Automotive Market: Experienced sluggishness due to mounting chip inventories.
Industrial Market: Focused on de-inventory due to customers double-ordering and stockpiling goods in response to previous supply chain disruptions.
Forecast for 2024
Memory: Projected to remain a critical driver for IDM development in the second half of 2024, fueled by the rising demand for AI in datacenters and the device market.
Automotive and Industrial Markets: Expected to prioritize inventory adjustment in the first half of 2024, with a rebound forecasted for the third quarter.
Expert Insight
Helen Chiang, Head of Semiconductor Research at IDC Asia Pacific, stated, “In 2024, memory makers will continue to be key players in the global IDM market. As inventory levels gradually normalize, the demand in the automotive and industrial fields is projected to rebound in the second half of the year, which will contribute to the growth of the IDM market.”
