Largest Semiconductor Companies (2026)

NVIDIA designs graphics processors, chipsets and related software, and reports two segments: Graphics, covering GeForce gaming GPUs, RTX workstation GPUs and automotive platforms, and Compute & Networking, covering data-centre accelerators and networking. Founded in 1993 and headquartered in Santa Clara, California, it is led by its co-founder Jensen Huang. Forbes records sales of US$215.9bn, up 65.5% on the prior-year figure, and profit of US$120.1bn, a margin of 56%. Its market value of US$5.48 trillion was the highest of any company in the Forbes Global 2000 2026 and is larger than the market values of the next three companies in this list combined. Gartner's preliminary figures for 2025 made NVIDIA the first chip vendor to exceed US$100bn of semiconductor revenue, about US$53bn ahead of second-placed Samsung. NVIDIA is a fabless company: it designs chips but relies on foundries such as TSMC to manufacture them. It employs 42,000 people.

Taiwan Semiconductor Manufacturing Company makes and sells integrated circuits and wafer devices for other companies' designs; its chips go into personal computers, communications systems, automotive and industrial equipment and consumer electronics. Forbes records it was founded by Chung Mou Chang on 21 February 1987 and is headquartered in Hsinchu. Sales were US$133.0bn, up 37.5%, and profit US$62.5bn, a 47% margin. TSMC is the largest semiconductor company outside the United States and the second-largest in the ranking, with a market value of US$1.86 trillion. As a foundry, it manufactures chips designed by companies such as those in this list rather than selling its own branded products, so it competes for manufacturing capacity with Samsung, Intel's foundry business and SMIC, ranked twenty-third.

SK hynix of Icheon, South Korea, manufactures and sells semiconductor products including DRAM, flash memory and CMOS image sensors; Forbes records its founding on 15 October 1949. Forbes records sales of US$92.7bn, 80.9% higher than the prior-year figure, which moved it from fifth to third place in this ranking. Its profit of US$52.7bn is the third-highest here and its margin of 57% the highest in the list. Gartner attributes SK hynix's rise to third place among chip vendors in 2025 to demand for high-bandwidth memory (HBM) used in AI servers. The company's market value of US$858.0bn is the fourth-highest in the ranking, behind NVIDIA, Broadcom and TSMC.

Broadcom designs, develops and supplies semiconductors and infrastructure software and reports two segments: Semiconductor Solutions, covering product lines and intellectual-property licensing, and Infrastructure Software, covering mainframe, distributed and cyber-security software and fibre-channel storage networking. Forbes records sales of US$68.3bn, up 25.2%, and profit of US$25.0bn. Because part of Broadcom's revenue is software, its total overstates its chip business. Forbes's company profile lists its chief executive as Hock E. Tan and its workforce as 33,000. Broadcom fell from third to fourth on the prior-year comparison as SK hynix passed it. Its market value of US$2.01 trillion is the second-highest in the list after NVIDIA's.

Micron Technology of Boise, Idaho, provides memory and storage products through Compute and Networking, Mobile, Embedded and Storage business units, selling into cloud servers, PCs, graphics, smartphones, automotive, industrial and consumer markets. Forbes records sales of US$58.1bn, up 85.5%, the fastest growth in the top ten, and profit of US$24.1bn, compared with US$4.7bn in the prior-year profit column. The rise moved Micron from eighth to fifth place. Micron and Sandisk are the two US-headquartered memory companies in the ranking; Micron competes with SK hynix and Samsung in DRAM. Its market value is US$817.2bn and Forbes counts 53,000 employees.

Intel designs, manufactures and sells computing products through Client Computing, Data Center and AI, Intel Foundry Services and other segments. Forbes records sales of US$53.8bn, up 1.4%, and a loss of US$3.2bn, after a loss of US$19.2bn in the prior-year column. Intel fell from fourth to sixth as SK hynix and Micron grew faster. Gartner estimated that Intel's share of worldwide semiconductor revenue fell to about 6% in 2025. On 22 August 2025 Intel announced an agreement under which the US government would buy 433.3 million newly issued shares at US$20.47 each, a 9.9% stake, funded by US$8.9bn of previously awarded CHIPS Act and Secure Enclave grants; the government's holding is passive, with no board seat. Its market value is US$546.7bn and Forbes lists Lip-Bu Tan as chief executive.

Qualcomm develops and commercialises technologies used in mobile devices and other wireless products, through Qualcomm CDMA Technologies (QCT), which supplies chips and system software, Qualcomm Technology Licensing (QTL), which licenses its patent portfolio, and Qualcomm Strategic Initiatives. It is headquartered in San Diego and Forbes gives 1985 as its founding year. Forbes records sales of US$44.5bn, up 9.3%, and profit of US$9.9bn. It slipped from sixth to seventh. Qualcomm's licensing segment gives it a revenue stream that does not depend on selling chips. Market value is US$212.4bn.

ASML Holding of Veldhoven, the Netherlands, develops, produces, sells and services advanced semiconductor equipment, including lithography, metrology and inspection systems; Forbes records its founding on 1 April 1984. It is the largest semiconductor-equipment company in this ranking, with Forbes sales of US$39.0bn, up 18.4%, and profit of US$11.6bn. ASML does not make chips; its lithography machines are sold to chip manufacturers. It is the largest European company in the ranking, with a market value of US$585.7bn, and fell one place, from seventh to eighth, as Micron overtook it.

Advanced Micro Devices sells processors, accelerators, graphics chips, adaptive systems-on-chip, FPGAs and related software for data-centre, AI, PC, gaming and embedded uses. Forbes records it was founded by W. J. Sanders III on 1 May 1969 and is headquartered in Santa Clara. Sales were US$37.5bn, up 45.3%, which moved AMD from tenth to ninth, ahead of Applied Materials, and profit was US$5.0bn. Like NVIDIA, AMD is fabless. Its market value of US$691.5bn is higher than ASML's or Intel's.

Applied Materials provides materials-engineering solutions and wafer-fabrication tools used to make chips, through a Semiconductor Systems segment and Applied Global Services, which supplies services, spares and factory automation software. It is headquartered in Santa Clara and Forbes gives 1967 as its founding year. Sales were US$29.0bn, up 5.1%, and profit US$8.5bn. Applied Materials fell from ninth to tenth as AMD overtook it. It is the largest US equipment company in the list, ahead of Lam Research and KLA. Forbes classifies it among capital-goods makers rather than semiconductor companies; it is included here as a semiconductor-equipment supplier, like ASML and Tokyo Electron.

ASE Technology Holding provides semiconductor manufacturing services: integrated-circuit packaging, interconnect materials, front-end engineering testing, wafer probing and final testing, and electronic manufacturing services. The holding company was formed on 30 April 2018 and is headquartered in Kaohsiung, Taiwan. Forbes records sales of US$21.7bn, up 17.3%, and profit of US$1.5bn, a 7% margin. ASE is the only outsourced assembly and test company in the ranking; its work takes place after wafers leave foundries such as TSMC. It narrowly ranks above Lam Research, whose sales were US$21.7bn as well but about US$55m lower.

Lam Research designs, manufactures, markets and refurbishes semiconductor processing equipment used to fabricate integrated circuits, and reports geographic segments for the United States, China, Europe, Japan, Korea, Southeast Asia and Taiwan. Forbes records it was founded by David K. Lam in 1980 and is headquartered in Fremont, California. Sales were US$21.7bn, up 26.5%, and profit US$6.7bn, a 31% margin. With 19,000 employees, Lam generates more than US$1.1m of sales per employee. Its market value of US$356.1bn is higher than Applied Materials' despite smaller sales.

MediaTek researches, develops and markets multimedia integrated circuits, computer-peripheral chips and other ICs, and reports geographic segments for Taiwan, Asia and other regions; Forbes records its founding on 28 May 1997. Forbes records sales of US$19.2bn, up 16.1%, and profit of US$3.2bn. MediaTek is the largest Taiwanese chip designer and, with NVIDIA, Qualcomm, AMD, Broadcom and Marvell, one of the fabless companies in the top 25. Market value is US$165.0bn.

Texas Instruments designs and manufactures semiconductors in two main segments: Analog, which conditions and converts real-world signals such as sound, temperature and pressure, and Embedded Processing. It is headquartered in Dallas and Forbes gives 1930 as its founding year, the earliest in this ranking. Sales were US$18.4bn, up 14.9%, and profit US$5.3bn, a 29% margin. TI is the larger of the two analog-chip specialists in the list, ahead of Analog Devices. Market value is US$275.5bn.

Infineon Technologies provides semiconductors and system solutions through Automotive, Industrial Power Control, Power and Sensor Systems, and Connected Secure Systems segments. It is headquartered in Munich and Forbes gives 1999 as its founding year. Sales were US$17.5bn, up 10.4% in dollar terms, and profit US$1.3bn. Infineon is the only German company in the ranking and has the highest sales among the automotive-focused chip makers here, ahead of NXP, STMicroelectronics and Renesas. Forbes counts 57,077 employees; its market value is US$98.7bn.

Tokyo Electron develops, manufactures and sells semiconductor production equipment, including coaters and developers, plasma etch systems, thermal processing, single-wafer deposition, cleaning systems and wafer probers, as well as flat-panel display equipment. Forbes records its founding on 11 November 1963 and its headquarters in Tokyo. Sales were US$16.2bn, up 5.7%, and profit US$3.8bn, a 23.5% margin. It is the largest Japanese company in the ranking and one of five equipment makers in the top 20, with ASML, Applied Materials, Lam Research and KLA. Market value is US$143.1bn.

Kioxia Holdings supervises and manages subsidiaries in the memory and storage business; Forbes records its formation on 1 March 2019 and its headquarters in Tokyo. It makes NAND flash memory. Forbes records sales of US$15.5bn against US$7.4bn in the prior-year column, and profit of US$3.7bn after a loss of US$1.7bn in the prior-year profit column. The comparison moved Kioxia from twenty-third to seventeenth, though the two figures may not cover comparable periods. Its market value is US$153.1bn.

Sandisk develops, manufactures and sells storage devices and solutions based on NAND flash technology, including solid-state drives, memory cards and USB flash drives. Forbes records its founding on 5 February 2024 and its headquarters in Milpitas, California. Sales were US$13.2bn and profit US$4.5bn. The prior-year column in the Forbes dataset shows only US$1.9bn of sales, so the year-on-year comparison is not meaningful; Sandisk is the newest company in the ranking. Its market value is US$208.5bn and it employs 11,000 people.

KLA supplies process-control and yield-management solutions for semiconductors and related industries, through Semiconductor Process Control (inspection, metrology and data analytics), Specialty Semiconductor Process (deposition and etch tools) and PCB, Display and Component Inspection segments. It is headquartered in Milpitas, California. Sales were US$13.1bn, up 20.8%, and profit US$4.7bn, a 36% margin, the highest among the equipment makers. KLA holds nineteenth place, unchanged. Its market value is US$235.7bn.

NXP Semiconductors is a holding company providing semiconductor solutions, headquartered in Eindhoven, the Netherlands; Forbes records its founding on 2 August 2006. Forbes records sales of US$12.6bn, unchanged from the prior-year figure, and profit of US$2.7bn. Flat sales dropped NXP from seventeenth to twentieth as Kioxia, Sandisk and KLA overtook it. NXP is the second Dutch company in the ranking, after ASML. Its market value is US$73.6bn.

STMicroelectronics designs, develops, manufactures and markets chips for automotive, industrial, personal electronics, communications and computer uses, through Automotive and Discrete, Analog, MEMS and Sensors, and Microcontrollers and Digital ICs groups. Forbes lists its headquarters as Plan-les-Ouates, Switzerland, and gives 1987 as its founding year. Sales were US$12.4bn, up 0.5%, and profit US$143m, a margin of 1.2%. ST fell from eighteenth to twenty-first. It employs 49,157 people.

Analog Devices combines analog, digital and software technologies in products that include analog and mixed-signal chips, power management, amplifiers, radio-frequency components, sensors and digital signal processing. Forbes records it was founded by Raymond P. Stata and Matthew Lorber in 1965 and is headquartered in Wilmington, Massachusetts. Sales were US$11.8bn, up 25.9%, and profit US$2.7bn. It moved from twentieth to twenty-second as Kioxia and Sandisk overtook it, although its sales rose faster than those of NXP and ST. Market value is US$203.8bn.

Semiconductor Manufacturing International Corporation provides integrated-circuit foundry and technology services, including testing, development, design, manufacturing and packaging; Forbes records its founding on 3 April 2000 and its headquarters in Shanghai. Sales were US$9.7bn, up 21.0%, and profit US$712m. SMIC is the only mainland Chinese company in the ranking. It moved from twenty-second to twenty-third. Its market value of US$72.8bn is about 100 times its profit.

Renesas Electronics designs, develops, manufactures and sells semiconductors, including in-vehicle control chips for engines and car bodies, car-information chips for navigation systems, and chips for industrial equipment, home appliances and network infrastructure. Forbes records its founding on 1 November 2002 and its headquarters in Tokyo. Sales were US$9.2bn, up 7.9%, and it reported a loss of US$64m. Renesas fell from twenty-first to twenty-fourth. Its market value is US$41.7bn.

Marvell Technology designs and sells integrated circuits including data processing units, optical and electrical interconnect components, Ethernet controllers and switches, storage controllers and custom ASICs. Forbes gives 1995 as its founding year and Wilmington, Delaware, as its headquarters. Sales were US$8.2bn, up 42.1%, and profit US$2.7bn after a prior-year loss of US$885m. With 7,480 employees it is the smallest workforce in the ranking. Market value is US$154.9bn.