World’s Top Ten IC Design Company Revenue Reached US$39.43 billion in 1Q22, Marvell Growth Rate Tops List, Says TrendForce

Accord­ing to the latest Trend­For­ce sta­tis­tics, the top ten IC desi­gners world­wi­de pos­ted a com­bi­ned reve­nue of US$39.43 bil­li­on in 1Q22, or 44% growth YoY. Qual­comm, NVIDIA, Broad­com ran­ked in the top three. After the acqui­si­ti­on of Xilinx, AMD sur­pas­sed Media­Tek in the fourth posi­ti­on. In addi­ti­on, accord­ing to Trend­For­ce tracking of IC design indus­try trends, reve­nue gene­ra­ted by Will Semi­con­duc­tor and Cir­rus Logic was enough to be inclu­ded in the top ten for the first time.

Bene­fi­t­ing from growth per­for­mance in hand­sets and RF front-end divi­si­ons in addi­ti­on to its IoT and auto­mo­ti­ve divi­si­ons in 1Q22, Qualcomm’s quar­ter­ly reve­nue reached US$9.55 bil­li­on, or 52% growth YoY, ran­king num­ber one in the world. The expan­ded app­li­ca­ti­on of GPUs in data cen­ters boos­ted this por­ti­on of NVIDIA’s reve­nue to 45.4%, sur­pas­sing the 45% accoun­ted for by its gaming busi­ness, com­bi­ning for a total reve­nue of US$7.9 bil­li­on, or 53% growth YoY. Broadcom’s reve­nue from semi­con­duc­tor solu­ti­ons is sub­stan­ti­al, inclu­ding net­work chips, broad­band com­mu­ni­ca­ti­on chips, and sto­rage and brid­ging chips. Its busi­ness has main­tai­ned sta­ble sales per­for­mance, with reve­nue reaching US$6.11 bil­li­on, or 26% growth YoY. After the addi­ti­on of Xilinx, AMD’s reve­nue reached US$5.89 bil­li­on, or 71% growth YoY. Howe­ver, even exclu­ding Xilinx, due to strong sales in its enter­pri­se, embed­ded and semi-cus­to­mi­zed divi­si­ons, AMD’s own busi­ness reve­nue still hit an all-time high of US$5.33 billion.

In terms of Tai­wan-based com­pa­nies, MediaTek’s Dimen­si­ty seri­es pro­ces­sors have been ship­ped at volu­me and their pro­duct mix has been opti­mi­zed suc­cess­ful­ly, pushing reve­nue to US$5.01 bil­li­on, or 32% growth YoY. Novatek’s busi­ness is based on dis­play dri­ver IC and SoC. Even though reve­nue was bog­ged down by slug­gish panel demand, the company’s two major pro­duct lines still achie­ved annu­al growth of 31% and 43%, respec­tively, with a total reve­nue of US$1.28 bil­li­on, or 38% growth YoY. Real­tek made up for the rela­tively weak demand for con­su­mer pro­ducts through its dyna­mic com­mer­cial pro­duct port­fo­lio which inclu­des Ether­net chips, switch con­trol­lers, and WiFi chips, tota­ling reve­nue of US$1.04 bil­li­on, or 27% growth YoY.

Mar­vell jum­ped to sixth place this quar­ter, as its acqui­si­ti­on of cloud and edge data cen­ter net­wor­king solu­ti­ons pro­vi­der Inno­vi­um in Octo­ber 2021 con­tri­bu­t­ed 125% annu­al growth to its 1Q22 data cen­ter reve­nue, brin­ging total reve­nue to US$1.41 bil­li­on, or 72% growth YoY, hig­hest among the top ten. Will Semi­con­duc­tor, a new­co­mer to the list, is head­quar­te­red in Shang­hai, Chi­na. Its semi­con­duc­tor design and sales reve­nue accounts for appro­xi­mate­ly 85.1% of total reve­nue. The company’s main pro­ducts are CMOS image sen­sors, dis­play dri­ver ICs, and ana­log ICs. Alt­hough it is affec­ted by the mobi­le pho­ne mar­ket and reve­nue fell 9% YoY, it still reached US$744 mil­li­on, ran­king ninth. As for Cir­rus Logic, head­quar­te­red in Texas, USA, the com­pa­ny has two major pro­duct lines: audio and mixed-signal. After the acqui­si­ti­on of Lion Semi­con­duc­tor in July 2021, Cir­rus acce­le­ra­ted the impro­ve­ment of its mixed-signal busi­ness, dri­ving 1Q22 reve­nue to US$490 mil­li­on, or 67% growth YoY, ran­king tenth.

Trend­For­ce indi­ca­tes that 1Q22 ran­kings have chan­ged due to stra­te­gic mer­gers and acqui­si­ti­ons by a num­ber of play­ers. Howe­ver, in addi­ti­on to direct reve­nue growth brought about by acqui­si­ti­ons, it is still necessa­ry for M&A syn­er­gy to be impro­ved in the future. Loo­king to 2Q22, as the tra­di­tio­nal indus­try off-sea­son dawns, cou­pled with the impact of rising infla­ti­on, the Rus­si­an-Ukrai­ni­an war, China’s lock­downs, and weak con­su­mer con­fi­dence, IC design com­pa­nies with a high pro­por­ti­on of con­su­mer elec­tro­nics reve­nue will see unfa­vor­able results. This is evi­dent from the M&A stra­te­gy employ­ed by various indus­try play­ers that has gra­du­al­ly diver­ted their pro­duct app­li­ca­ti­ons to mar­kets such as high-per­for­mance com­pu­ting, ser­vers, data cen­ters, and auto­mo­ti­ve elec­tro­nics in an effort to diver­si­fy ope­ra­tio­nal risks. In addi­ti­on, the per­for­mance of com­pa­nies inclu­ding Syn­ap­tics, LX Semi­con, and Himax is also worth obser­ving and ran­kings may chan­ge in 2Q22.

 

The Webi­nar, ”COMPUFORUM 2022 Webi­nar: Diver­se Mar­ket Oppor­tu­nities Gene­ra­ted by App­li­ca­ti­ons of Cyber-Phy­si­cal Sys­tems” will start from June 15, 2022. The Trend­For­ce rese­arch team inclu­ding Mark Liu, Caron Ju, Bryan Ao, and Alex Chen will pre­sent spee­ches regar­ding memo­ry, ser­vers, and dat­a­cen­ters, respectively.

【Info.】

For more infor­ma­ti­on on reports and mar­ket data from TrendForce’s Depart­ment of Semi­con­duc­tor Rese­arch, plea­se click here, or email Ms. Lat­te Chung from the Sales Depart­ment at lattechung@trendforce.com

For addi­tio­nal insights from Trend­For­ce ana­lysts on the latest tech indus­try news, trends, and fore­casts, plea­se visit our blog at https://insider.trendforce.com/