A decade of semiconductor growth from 2014-2024: Equipment outperform chips in growth

Semiconductor industry continues to demonstrate impressive growth, driven by technological advancements and global demand. A recent analysis of revenue data from 2014 to 2024 highlights the sector's evolution over the past decade. 
In 2024, the top three semiconductor vendors were Samsung Electronics, Intel, and NVIDIA. Samsung regained the top spot due to strong sales in memory devices, while Intel's position was impacted by the growth of NVIDIA's AI business. 
In the semiconductor equipment market for 2024, ASML, Applied Materials, and Lam Research consistently rank among the top three vendors. ASML is the leading lithography equipment vendor, known for EUV technology. Applied Materials and Lam Research are strong contenders in various wafer fabrication equipment areas, including deposition and etching. 

In 2014, semiconductor equipment revenue stood at 37.5 (in billion USD), climbing to 117 by 2024, a remarkable growth rate of 67.9%. This surge reflects significant investments in manufacturing infrastructure, likely spurred by the need to support emerging technologies like AI, 5G, and IoT. Meanwhile, semiconductor chips, the backbone of the industry, saw revenue rise from 335 Billion US$ in 2014 to 626 Billion US$ in 2024, marking a 46.5% increase. While the growth rate for chips is lower than that of equipment, the absolute revenue gain unders...