AMD continued its growth streak through the first half of 2022, outpacing rivals NVIDIA, Qualcomm, and MediaTek by a fat margin. With another remarkable year-on-year growth of 70% (in revenue), Team Red is on track to become the fastest-growing chipmaker for two years in a row. The contest between the top three wasn’t even close as Qualcomm and Marvell held the second and third positions respectively with YoY growth rates of 45% and 50%, respectively.

Overall, Qualcomm was the largest fabless chipmaker by revenue, followed by NVIDIA and AMD. The delta between the two rivals was as narrow as $500 million. While the industry suffered as a whole due to excess inventory, NVIDIA was easily the worst hit among the top five. Team Green recorded a spike of 103% in inventory levels, resulting in a severe drop in revenue. The second quarter revenue grew by a meager 20% YoY.
Qualcomm was more fortunate with a yearly revenue increase of 45% and inventory levels staying below 75% through the second quarter. AMD managed its inventory quite efficiently seeing a growth of 50% in inventory.