Global IC design market: Nvidia Overtakes Broadcom in Revenue for 1Q21

The demand for chips continue to grow in 2021, where IC design companies facing limited foundry capacities to takeup the market opportunity of rising demand for various end devices. Due to significant demand for graphics card chips demand caused by the cryptocurrency market, Nvidia overtakes Broadcom in revenue and take the second spot among the top 10 in 1st quarter 2021. AMD sees YoY growth of 92.9%, which is the highest % increase on the top 10 list. These figures are based on the latest market data from TrendForce. Tabble Below is the market research data shared by TrendForce on the top 10 vendors in IC design market: Market leader Qualcomm saw growths in its smartphone, RF front end, IoT, and automotive departments in 1Q21, during which it posted a revenue of US$6.28 billion, a 53.2% increase YoY, placing Qualcomm firmly in the number one spot. Coming in second place is Nvidia, which overtook Broadcom with $5.17 billion in revenue. Nvidia’s revenue performance can primarily be attributed to massive gaming graphics card demand generated by the cryptocurrency market and the stay-at-home economy. In addition, Nvidia’s Cloud & Data Center business also saw positive growths in 1Q21, thereby contributing to its revenue for the quarter as well. Broadcom, ranked third on the top 10 list, posted a $4.49 billion revenue in 1Q21. Broadcom’s performance took place on the ...