Semiconductor chip design market booming in AI with flat or -ve growth in others

Market researcher TrendForce has come out with its latest quarterly revenue performance study of leading chip design companies mainly fabless companies serving volume markets. The growth and fall is not even across companies, while some continue to grow in the first quarter of 2023, and some could maintain near-flat, while few see drop in revenues. Qualcomm's revenue from its smart phone SOC business grew in first quarter 2023 by 6.1%, but it's automotive and IoT chip business fell, due to which it could only register 0.6% growth. Qualcomm continues to hold biggest share among fabless chip makers. Broadcom's revenue declined by 2.7% Q-o-Q. AI Graphic chip maker Nvidia grew its biz by 13.5% Q-o-Q. MediaTek performance in 1st Q 2023 is least among the top ten whose revenue in 1Q23 fell by 8.8%.
Here the full details of the analysis shared by TrendForce in its latest study: TrendForce reports that inventory reduction in Q1 fell short of expectations and coincided with the industry’s traditional off-season, leading to overall subdued demand. However, due to new product release and a surge in urgent orders for specialized specifications, Q1 revenue of the global top ten IC design houses remained on par with 4Q22, with a modest QoQ increase of 0.1% for a total reven...