全球半導(dǎo)體供應(yīng)鏈戰(zhàn)略分析報(bào)告-培訓(xùn)課件外文版2024.6

DIGITAL

&TRENDSSemiconductor

supply

chainsand

strategiesSpotlight

reportHow

is

the

world

reacting

to

an

ever-evolving

semiconductor

industry?Key

questionsanswered

inthisreport123What

driversand

challenges

hasthesemiconductor

industry

faced?How

are

governmentssafeguardingthesupplyofsemiconductors?What

major

trendswillshapethesemiconductor

industry??

Thesemiconductor

industrywas

valuedat

?

They

areprovidingfinancial

incentives?

Theadoptionof

AI

technologiesisexpected

tolead

semiconductor

revenuegrowth

in2024.520

billionU.S.

dollarsin2023.toencourage

companies

to

invest

insemiconductor

manufacturingandresearch.?

Increaseddemand,supplychaindisruption,andgeopolitical

tensionshaveshinedaspotlight

onthesemiconductor

industry.?

Astrong

appetitefor

advancedchipsinsmartphones

and

other

mobile

deviceswill

remain.?

Governments

areinvesting

inadditionalsemiconductor

manufacturingfacilitiestoincrease

manufacturingcapacity.?

Theworld

isheavily

reliant

onTaiwan

for?

Asmore

electricvehicles

hittheroad,thisisexpected

to

drive

futuredemandforautomotive

semiconductors.semiconductor

manufacturing.?

They

areenabling

and

promotingcollaboration

to

foster

innovation.2Whatdrivers

and

challenges

hasthesemiconductor

industry

faced?1The

semiconductor

industry

is

accustomed

to

boom

and

bust

cyclesHowever,

the

effects

over

recent

years

havebeen

feltmore

severelyIncreasedcomputingpowerAnew

way

of

livingGeopolitical

issuesaconcernAssmartphones

andcomputers

becameincreasingly

more

powerful

and

efficient,suchdevices

required

more

advancedchips.Semiconductor

demand

was

fueled

bythegrowth

incloud

computingandthe

suddenneed

for

devices

tosupportremote

workandlearning

duringthe

pandemic.Revenues

rebounded,

but

the

industryfacedadditionalcomplications

andrisks,suchasthe

Russia-Ukraine

war

and

technologyrestrictions

between

theU.S.andChina.201820192020202120222023The

early

warningsignsDiversedemandpressuresTheworld’s

growing

relianceon

semiconductors

led

toshortages,

especially

forcompanies

operating

inthemanufacturingandEmerging

end

marketsWhile

traditionaldemand

fromconsumer-driven

marketswaned,

the

rise

inAI-relatedtechnologies

putnewTheindustryexperienced

aslowdowndueto

lower

demandfrom

cloudvendors

andanoversupply

inthememory

segment.

Increased

tradetensions

alsocontributed

to

raisedconcerns

aboutthe

global

supplychain.pressures

on

the

industry.automotive

sectors.3Sources:

BCG;Deloitte;

IDC;KPMG;

McKinsey

&Company;

Reuters;SIAWhatdrivers

and

challenges

hasthesemiconductor

industry

faced?1Semiconductor

industry

faces

a

brief

decline

amid

the

economic

slowdownHowever,

reduced

demand

fromsome

markets

hashelped

to

ease

inventory

imbalancesSemiconductor

market

revenue

worldwidefrom

2018

to2023MarketrevenueinbillionU.S.dollarsWithadeteriorating

global

economy

andweakening

demand

from

consumer

endmarkets,

semiconductor

market

revenue

declined

byninepercent

in2023compared

withtheprevious

year.

Despite

the

drop,reduced

demand

from

somesectors

hasallowed

otherpartsofthemarket

torecover

from

shortages

thathaveplaguedtheindustryinrecent

years.574.12022555.92021520.12023468.82018Initiallyconcentrated

intheautomotive

industry,chipshortages

spread

to

arangeof

othersectors,

most

notablyconsumer

electronics.

Moreover,

asthedemandforelectronic

devices

continued

to

grow

withthemove

toremote

and

hybridwork,pressure

grew

onsemiconductor

manufacturerstomeet

supplycommitments.

Thisresulted

inconsiderably

longer

delivery

lead

timesfor

semiconductors.440.42020412.32019Consequently,

the

industryhassoughttomake

supplychainsbetter

suited

tocoping

withdisruptions,minimizing

riskandanyimpacton

growth

plans.Such

isthe

sophisticated

and

globalized

natureofthesemiconductor

supplychainthatithasbecome

imperative

toassess

where

improvements

toefficiency

and

capacitycanbemade.4Notes:(1)Region;Doate;

Notres

(opltiodnal);

(2)wRegion;

Daite;dNotes

(oeptional);

2018

to

2023Sources:

SIA;

WSTS;ID:266973;

Text:Gartner;ReutersWhatdrivers

and

challenges

hasthesemiconductor

industry

faced?1To

identify

bottlenecks,

the

semiconductor

supply

chain

must

be

examined

fullyAcomplex

landscapeacross

three

distinctstages:

design,fabrication,andassemblyProduction

stepsSemiconductor

companies

canbecategorized

into

threebusiness

models:

integrateddevice

manufacturers(IDMs),fablessdesign

companies,

and

foundry

companies.DesignFabricationAssembly?

IDMsareresponsible

for

allsemiconductor

manufacturingprocesses

from

designtoproduction.?

Fablesscompaniesproduce

theirdesignsforsemiconductors

butdonot

own

anyproduction

facilities.?

Theactualproduction

(orfabrication)of

semiconductors

isoutsourced

to

foundry

companies.Eachstep

inthe

semiconductor

production

process

relies

on

specificinputsfromsuppliers.?

Chipdesign,

inIDMs

or

fablesscompanies,

relies

ondesign

software

andintellectual

property.FablessFoundryOSAT?

Chipfabrication,

inIDMs

or

foundries,

dependson

specialized

manufacturingequipment

andmaterials.IDM?

Chipassembly,inIDMsor

outsourced

semiconductor

assembly

andtestcompanies(OSATs),requiresadvanced

packaging

equipment

and

chemicals.

OSATsarespecialized

businesses

that

assemble

and

testfinishedchipsdesigned

byother

firms.Business

Models5Sources:

SIAWhatdrivers

and

challenges

hasthesemiconductor

industry

faced?1Asia-Pacific

is

the

world’s

biggest

market

for

semiconductorsSemiconductor

sales

shareworldwide

from

2018

to

2023,

byregionLed

byChina,

theAsia-Pacificregion

isthelargestconsumer

ofsemiconductors

worldwide.

Arobust

electronics

manufacturingsectordemandsahighnumberof

semiconductors,components

thatarerequired

insmartphones,computers,

and

other

devices.

Agrowing

middle-classpopulationhasalsodriven

greaterconsumer

electronics

adoption,furtherfuelingsemiconductor

consumption.9%9%9%8%9%8%9%8%9%9%10%11%19%22%22%62%22%25%26%While

the

United

Statesremains

asignificantmarket

forsemiconductors,

itdoes

not

matchAsia’smanufacturing

scale

or

consumer

demand.Instead,theUnitedStatesleadsinresearch

anddevelopment-intensive

activitiessuchas

chipdesign,notablyinelectronic

design

automationandintellectual

property.63%62%60%58%55%201820192020202120222023Asia-PacificAmericasEuropeJapan6Notes:Worldwide;

2018

to

2023;

totals

may

notequal

100

percentdue

to

roundingSources:

WSTS;ID:249509:

Text:Daxue

Consulting;

GartnerWhatdrivers

and

challenges

hasthesemiconductor

industry

faced?1The

worldrelies

on

Taiwan

for

semiconductor

manufacturingSemiconductor

foundries

revenue

shareworldwide

from2019

to2023EastAsia,particularly

Taiwan

and

SouthKorea,

isattheforefront

of20%22%21%22%24%semiconductor

fabrication.

Theunequivocal

market

leader

is

TSMC,controlling

well

over

half

of

the

foundrymarket.

Thecompany

isthecontractchipmaker

foravariety

ofcustomersincludingNvidiaand

Apple.6%7%6%8%6%16%11%16%18%18%However,

there

areconcerns

abouttheheavy

reliance

onsuchasmall

numberof

regions

and

companies.

Asaresult,governments

are

takingstepsto61%59%56%53%52%addressthisdependence

byinvesting

indomestic

semiconductor

manufacturingandfostering

closer

cooperation.20192020202120222023TSMCSamsungGlobalFoundriesOther7Notes:Worldwide;

2019

to

2023;

totals

may

notequal

100

percentdue

to

rounding;

revenue

sharesshown

are

forthe

fourth

quarterof

the

corresponding

yearSources:

TrendForce;

ID:867223:

Text:BCG;Deloitte;

The

EconomistHow

aregovernments

safeguardingthesupply

of

semiconductors?2TaiwanNotable

companiesCompanyTaiwan’s

strategicposition

inthesupply

chaincontributes

significantlyto

thetechworld.

Theindustry’ssuccess

stems

from

arobust

ecosystem,

skilled

workforce,andgovernment

support.However,

geopolitical

tensionswith

China

remain

achallenge,

threatening

notjusttheterritory

but

alsotheglobal

economy

should

amilitary

conflict

occur.

Inlightof

this,

Taiwan

hastherefore

sought

to

leverage

itscentral

position

inthesemiconductor

industrytoshore

upsupportfrom

itsallies.HeadquartersBusiness

model/activityTSMCHsinchuHsinchuHsinchuKaohsiungHsinchuFoundryFablessFoundryOSATMediaTekUMCASETaiwan’s

strategy

includesafocusonmaintainingitstechnological

edge,

withlawmakers

ontheislandpassinglegislation

inearly

2023

thatallows

localchipmakers

todeduct25

percent

ofresearch

anddevelopment

expenses

from

tax.In2023,

Taiwanalso

announceda10-year

plan

thatincludesassisting

firmstoexpandtheirglobal

presence,

earmarking

375

million

U.S.

dollarstosupporttheidentification

ofadditionalcustomer

basesandsettingupnew

production

linesoverseas.

Examples

includeTSMC’scurrent

expansion

of

itsmanufacturingsiteinArizona

intheUnited

States,while

thecompany

hasalsoannounceditwill

beginbuilding

aplantinDresden

inGermany

in2024,

with

chipproduction

duetostartatthesite

by

theendof

2027.NovatekFablessSemiconductor

market

revenue

inTaiwanfrom

2018

to

2023MarketrevenueinbillionU.S.dollars31.330.125.724.723.720.22018201920202021202220238Notes:Sources:Taiwan;

2018

to

2023Market

Insights;

Text:Bloomberg;BCG;CompaniesMarketCap;

Financial

Times;

South

China

Morning

Post;The

Atlantic;

The

JapanTimesHow

aregovernments

safeguardingthesupply

of

semiconductors?2South

KoreaNotable

companiesCompanySouthKorea

isakey

endproducer

of

semiconductors,

including

some

of

theworld’s

most

advanced

chips.Thecountry

isfamedfortheproduction

ofmemorychips–essential

components

inawide

rangeof

electronic

devices,

includingsmartphones,

computers,

andservers.

However,

with

thememory

industrywellknown

to

becyclical

andvolatile,itis

warranted

thattheSouthKoreangovernment

seeks

to

safeguard

thecountry’ssemiconductor

industry.HeadquartersBusiness

model/activitySamsungSuwonIcheonIncheonBucheonSeoulIDMSKHynixIDMHanmiSemiconductorDBHiTekEquipmentFoundryFablessTheK-ChipsActof2023

increases

taxcreditsfrom

eightpercent

to15

percent

forlarge

companies

investing

inmanufacturing

facilities

forsemiconductors,

classedbythegovernment

as“nationalstrategicgoods.”

Taxbreaksforsmall

andmedium-sized

firmswill

alsorise

from16

percent

to25

percent.

Suchmeasuresareaimed

atboosting

domestic

investment

from

theleading

tech

firmsinthecountry,includingthelikes

ofSamsungandSKHynix.Inlinewith

this,the

SouthKorean

government

hasannounced

planstocreate

theworld’s

largestsemiconductor

cluster

intheSeoul

metropolitan

area,

with

Samsunginvesting

228billion

U.S.dollars

through2042.LXSemiconSemiconductor

market

revenue

inSouth

Koreafrom

2018

to2023MarketrevenueinbillionU.S.dollars20.919.919.817.317.016.42018201920202021202220239Notes:South

Korea;2018

to2023Market

Insights;

Text:BCG;CNBC;

CompaniesMarketCap;

NBR;The

DiplomatSources:How

aregovernments

safeguardingthesupply

of

semiconductors?2ChinaNotable

companiesCompanyChina

isstrivingtomaintainand

expanditsreputation

asaglobaltech

leader

inwhat

hasbecome

ahighlycompetitive

field.

However,

supplychaindisruptions,inadditiontosanctionsimposed

bytheUnited

States,havedemonstrated

thecountry’s

vulnerability,confirming

Beijing’s

belief

thatachieving

autonomy

inthesemiconductor

industryiscrucial

forChina’sfuturedevelopment.HeadquartersBusiness

model/activitySMICShanghaiShanghaiShanghaiShanghaiJiangyinFoundryFablessFablessFablessOSATHiSiliconUnisocTheChina

Integrated

CircuitIndustryInvestment

Fund,commonly

known

astheBigFund,

aimstoaccelerate

China’s

efforts

toachieve

semiconductor

self-sufficiency.Aspartof

thelatest

funding

roundunveiled

inthefirstquarterof

2024,

around27billion

U.S.dollars

was

earmarked

toaccelerate

thedevelopment

of

cutting-edgechiptechnologies.

Thiswas

afollow-up

to

announcements

in2023

where

theChinesechipindustrygained

access

to

over

40

billionU.S.

dollars,thattimewith

afocusonchipmanufacturingequipment.WillSemiconductorJCETSemiconductor

market

revenue

inChinafrom

2018

to2023MarketrevenueinbillionU.S.dollars205.5193.7Between

2020

and

2022,

China

hasledspending

onsemiconductor

manufacturingequipment,ahead

ofthelikesof

Taiwan

and

SouthKorea.

However,

with

sanctionson

thesaleof

manufacturingto

Chinese

companies

being

imposed

bynumerouscountries

worldwide,

government

supporton

thisfrontwill

bekey

ifChinaistoincrease

domestic

semiconductor

production.179.5170.8166.1156.020182019202020212022202310

Notes:Sources:China;

2018

to2023Market

Insights;

Text:BCG;Bloomberg;Business

Insider;

CompaniesMarketCap;

Reuters;SEMI;SIAHow

aregovernments

safeguardingthesupply

of

semiconductors?2United

StatesNotable

companiesCompanyTheUnitedStates’semiconductor

manufacturingcapacityhasbeen

eroded

bytheinvestments

ofother

countries

andregions.

Asaresult,chipmakers

andpolicymakers

aimtomakedomestic

semiconductor

capacitymore

self-sufficient.HeadquartersBusiness

model/activityNvidiaSanta

ClaraSanJoseFablessFablessFablessIDMTheCHIPSfor

America

fund,

signed

offinAugust

2022,

allocates

52

billionU.S.dollarstoward

domestic

semiconductor

manufacturingandresearch.

Furtherannouncements

in2023

and

2024

sawfunding

opportunities

made

availabletobothsmall

andlargecompanies,

particularlythose

involved

inchip

packagingandmaterials

activities.

Allofthisforms

partof

thewider

CHIPSandScience

Act,alsopassed

in2022,

thataimsto

boost

semiconductor

competitiveness

intheUnited

Statesbysupporting

innovationandoffering

greater

protection

to

thecountry’s

nationalsecurity,especially

regarding

China.BroadcomAMDSantaClaraSantaClaraSanDiegoIntelQualcommFablessSemiconductor

market

revenue

intheUnited

States

from

2018

to

2023MarketrevenueinbillionU.S.dollars80.5Competition

and

tension

between

theUnited

Statesand

China

exists

acrossseveral

arenas,particularly

technology.

Toprotect

itseconomic

and

securityinterests,

theUnitedStateshasimplemented

export

controls

andinvestmentrestrictions

onsemiconductor

technology

andequipment,aneffort

thathasalsobeen

joined

byJapanandtheNetherlands.70.670.260.657.754.920182019202020212022202311

Notes:Sources:United

States;

2018

to2023Market

Insights;

Text:BCG;CSIS;

CompaniesMarketCap;

ForeignPolicy;

The

New

York

TimesHow

aregovernments

safeguardingthesupply

of

semiconductors?2EuropeNotable

companiesCompanyEurope’s

chipindustryisalsolooking

todiversify,

notjustatthe

fabrication

stagebut

allpartsofthesupplychain.Key

tothisisattractingcompanies

toset

upfacilitiesinEurope,

providing

chipmakers

with

incentives

to

move

away

from

Asia.Thesuccess

ofEurope's

semiconductor

industrywill

depend

on

the

region's

abilitytoattractthenecessary

talentandsecure

higherlevels

of

investment.HeadquartersBusiness

model/activityASMLNetherlandsUnited

KingdomNetherlandsGermanyEquipmentArmIntellectual

propertyNXPIDMIDMIDMTosupportthis,theEuropean

Union

hasmobilized

43

billion

euros

of

public

andprivateinvestment

asitseeks

to

boost

itsglobalmarket

share

insemiconductorsfrom

10

percent

in2023

to20

percent

by2030.

TheEuropean

ChipsAct,whichcame

into

force

inSeptember

2023,

aimstostrengthen

Europe’s

research

andtechnology

leadership

toward

advanced

chips,reinforce

capacity,develop

adeeperunderstandingof

globalsemiconductor

supplychains,and

address

the

skillsshortage

across

the

industrybyattractingandsupportingnew

talent.InfineonSTMicroelectronicsSwitzerlandSemiconductor

market

revenue

inEurope

from

2018

to

2023MarketrevenueinbillionU.S.dollars58.153.1Thestrengthof

the

European

semiconductor

industryalsoplaysasignificant

role

inthesuccess

of

other

sectors.

A

steady

supplyofchipsisgood

news

forindustriesthatdepend

on

semiconductors,

with

demand

inEurope

particularlyhighforindustrialand

automotive

applications.50.643.941.039.420182019202020212022202312

Notes:Sources:Europe;2018

to

2023Market

Insights;

Text:CompaniesMarketCap;

DeloitteHow

aregovernments

safeguardingthesupply

of

semiconductors?2JapanNotable

companiesCompanyJapan’ssemiconductor

industryhasplayedasignificantrole

intheglobaltechlandscapefordecades.

Onceadominantforce

inthemarket

alongwith

theUnitedStates,Japan’schipindustryhasfacedchallenges

similar

tothoseof

otherregionsinrecent

years,

losing

ground

to

competitors

likeTaiwan

and

SouthKorea.HeadquartersBusiness

model/activityKioxiaTokyoAtsugiTokyoTokyoTokyoIDMSonySemiconductor

SolutionsMitsubishi

ElectricTokyoElectronRenesasIDMThekey

theme

fortheJapanesegovernment’s

semiconductor

strategy

isrevival.Thisincludesstrengthening

domestic

manufacturing

capabilityandfosteringresearch

anddevelopment

fornext-generation

semiconductor

technology

throughinternational

partnerships.

Bilateral

agreements

are

seen

as

amajor

partofthis,with

the

Japanese

government

forming

stronger

tieswith

theUnited

States.

Onesuchcollaboration

isthe

UPWARDS

Network,

aprogram

forworkforceadvancement

and

research

anddevelopment

insemiconductors,

announcedduringtheG7

summit

inHiroshima

in2023.IDMEquipmentIDMSemiconductor

market

revenue

inJapanfrom

2018

to2023MarketrevenueinbillionU.S.dollars51.948.5Additionalagreements

made

in

2023

includethe

introduction

of

export

controls

onadvanced

equipment

forsemiconductor

manufacturing,amove

thatfollows

similarstepstakenbytheU.S.government.45.539.738.736.820182019202020212022202313

Notes:Sources:Japan;

2018

to2023Market

Insights;

Text:BCG;CompaniesMarketCap;

TechHQWhatmajortrends

willshape

thesemiconductor

industry?3Smartphones

remain

an

important

market

for

the

industry,although

automotive

and

data

center

applications

are

expected

to

grow

stronglySemiconductor

market

revenue

worldwide

from

2020

to

2025,

byend

market

(inbillion

U.S.dollars)CAGR20204020237920251042020-2025Automotive21%ConsumerelectronicsIndustrialelectronicsPersonal

computingServers,datacenters,andstorageSmartphone5051607474948%14%2%1007689107136146607812%5%1173810450Wiredandwireless

infrastructure10%14

Notes:Worldwide;

2020

to

2025Source:

ASML;

ID:498265Whatmajortrends

willshape

thesemiconductor

industry?3Electric

vehicles

will

drive

future

demand

for

automotive

semiconductorsTheautomotive

industryhasadaptedtoconstrained

supplyandisbetter

prepared

than

duringprevious

shortagesElectriccar7,000

semiconductorsModern

carsaremore

akinto

computers,

vastlydifferent

fromthevehicles

thatpopulated

highwaysyears

ago.Today’s

newest

automobiles

require

asmany

as3,000

semiconductors,

controlling

avariety

of

featuresandsystems

suchasairconditioning,seat

movement,

airbag

activation,andtirepressure

monitoring.Asmore

electric

cars

hittheroads,theautomotive

semiconductor

industrywilllikely

enjoy

substantialgrowth

inthecoming

years.

Thisisduetothe

factthatelectric

vehicles

require

up

to7,000

chipsonboard

tooperate

effectively.

Theirefficiency,

safety,andfunctionality

depend

heavily

onelectronics

andsemiconductor

technology.Averagenon-electric

car1,000

semiconductorsToday’s

modern

car3,000

semiconductorsAnotableexample

is

the

shiftfromanera

of

manualdriving

to

one

ofautonomous

driving.

Such

systems

require

thedeployment

of

AI

andsensors

todetermine

theactionsthe

carmusttake,tasksthatare

dependent

on

advancedchiptechnologies

tomakeitallpossible.However,

with

thisdependency

comes

ahighdemand

forchipsfrom

carmanufacturers,

intensifyingthepressure

onsuppliers.

Therefore,

automakersmustlearn

important

lessons

from

previous

shortages.

Thetrendsofelectrification

and

autonomous

drivingwill

dramatically

altervehicle

architectures,impactingthemixandnumberof

semiconductors

used.1970s

sports

car8semiconductors15Sources:

Compound

Semiconductor;

Intel;

Lloyds;

PorscheConsulting;

The

New

YorkTimes;Text:Automoblog;

DRex

Electronics;

S&PGlobalWhatmajortrends

willshape

thesemiconductor

industry?3Data

centers

reimagined

for

the

age

of

generative

AITrainingalarge

languagemodel

demandsthousandsof

GPUsclustered

together

inadatacenterData

centersegment

revenuesof

Nvidia,

AMD,

andIntelfrom

2021

to2023RevenueinbillionU.S.dollarsDemand

forAIchipsindatacenter

environments

isaccelerating,

and

thesustainedhypearoundnew

AIapplicationswill

likely

drive

furthergrowth.

Thefront-runnersinthisspaceincludethe

U.S.firms

Nvidia,AMD,and

Intel.202120222023InFebruary

2024,

Nvidia

posted

record

quarterly

figuresfrom

itsdatacenterbusiness,which

includesproducts

developed

forAIand

machine

learning

activities.Thesegment

generated

18.4

billion

U.S.dollars

inrevenue,

upby

over

400

percentcompared

withthesame

quarterof2022.4.02.33.81.6Thefavored

chipsto

help

power

theAI

revolution

havebeen

Nvidia’s

A100

and

itssuccessor,

theH100.

Nvidia’sgraphicsprocessing

units(GPUs)havebeen

usedtotrainandrunvariouslarge

languagemodels,

most

notablytheonedeveloped

byOpenAI.ChatGPT,which

generates

human-like

responses

touserqueries

withinseconds,

was

trainedusingthousandsof

NvidiaGPUs,linked

together

inanAIsupercomputer

belonging

to

Microsoft.4.01.318.4Q46.16.74.74.44.63.71.314.5Q35.95.710.3Q21.33.81.53.81.63.81.73.61.23.31.12.90.82.44.3Q1However,

Nvidia’sfuturegrowth

prospects

havebeen

slightlytempered

byconcerns

aboutU.S.export

controls

toChina.Withthe

Chinese

market

accountingforjustunder20

percent

of

the

company’s

revenue,

restrictions

thataffectwhatthe

company

cansell

could

haveaserious

impact

onNvidia’sfinancials.Q2Q3Q4Q1Q2Q3Q4NvidiaAMDIntel16

Notes:Worldwide;

Q2

2021

toQ4

2023Sources:

AMD;Intel;

Nvidia;

Visual

Capitalist;

ID:1425087;

Text:VentureBeatWhatmajortrends

willshape

thesemiconductor

industry?3Nvidia

joins

an

elite

club

of

companies

thanks

to

AILeading

techcompanies

worldwide

in2024,

bymarket

capitalization

(inbillionU.S.

dollars)Rank

CompanyMarket

capitalizationHeadquartersUnitedStatesUnitedStatesUnitedStatesUnitedStatesUnitedStatesUnitedStatesTaiwanBy

recognizing

thetrendearly,

Nvidiaisone

ofthebiggestwinners

oftheAIboom.Thechipmaker

hasbecome

amember

of

anexclusive

clubof

techcompaniesvalued

atover

two

trillion

U.S.dollars,

joiningMicrosoft

andApple.12MicrosoftApple3,1422,6382,375Inadditionto

traditional

semiconductor

companies,

the

semiconductor

industryisnow

observing

competition

fromcloud

computing

providers

includingMicrosoftandGoogle

–

firmsthatare

looking

todevelop

theirown

in-house

chipstodiversifysupplyand

become

lessreliant

on

onesource

forAIchips.3Nvidia4Alphabet(Google)Amazon1,8711,866Anotablepartnership

includesMicrosoft's

investment

of

13

billion

U.S.

dollarsintoOpenAI,gainingaccess

to

itsadvancedAItechnologies.

Thisinvestment

hasenabled

Microsoft

todevelop

itsAIproducts

and

services

withOpenAItools.Inthecaseof