According to market research firm Omdia, this is the first time the global semiconductor market has exceeded 200 billion USD in revenue in a quarter.
The demand for artificial intelligence (AI) and memory products is still strong, both of which continue to outperform the general market.
Although AI has been a bright spot in the semiconductor industry over the past time, Omdia emphasized that many segments have contributed greatly to the overall growth of the industry in the third quarter of 2025 compared to previous quarters.
The four leading semiconductor companies in Q3 revenue are NVIDIA and three major memory manufacturers including Samsung, SK Hynix and Micron, showing the continued dominance of AI accelerators and advanced memory.
In total, these four companies account for more than 40% of total semiconductor industry revenue.
2024 is a record year for the semiconductor market, surpassing the 650 billion USD revenue mark with an annual growth rate of more than 20%.
However, according to Omdia, the market is not developing evenly. Excluding NVIDIA and memory chips, the rest of the market will only grow by 1% in 2024 due to limitations due to inventory adjustments and weak demand.
On the contrary, 2025 has shown a much stronger and more comprehensive recovery. While artificial intelligence (AI) and memory chips are still the main drivers of expansion, other segments of the market are also growing strongly. Revenue in the third quarter of 2025 increased by more than 14% compared to the previous quarter for the whole market and achieved a growth rate of more than 9% (excluding NVIDIA and memory chips).
According to Omdia's forecast, the semiconductor industry's revenue in the whole year of 2025 will exceed 800 billion USD, an increase of nearly 20% compared to 2024. Even without counting NVIDIA and memory, the general market is expected to grow by about 9% per year, affirming that 2025 marks a shift to expanding the entire industry instead of focusing on growth in just a few segments.
