NVIDIA is Now the 2nd Largest Fabless Chipmaker, AMD the 5th Largest in Terms of Revenue

NVIDIA has successfully climbed to the second spot on the list of the top 10 IC design companies (fabless chipmakers), overtaking Broadcom. Chipping on the heels of Qualcomm, Team Green is expected to take the top spot by the end of 2022, thanks to its dominance in the data center market. MediaTek comes in fourth, retaining its spot from last year with a revenue of $17,619 million, up from $10,926 million in 2020. Even with revenue growth of 61%, MediaTek failed to climb up the ladder, showing the intense competition in the industry.

Source: Trendforce

For comparison, NVIDIA’s revenue grew from $15,412 million in 2020 to $24,885 million in 2021, representing a growth of 61% YoY. At #5, we have AMD with yearly revenue of $16,434 million in 2021, up from $9,763 million in 2020. That’s an annual revenue gain of 68%, making Team Red one of the fastest-growing chipmakers through the pandemic.

Driven by the annual growth of gaming graphics card and data center revenue at 64% and 59%, respectively, NVIDIA successfully climbed to second place.

AMD’s computer and graphics revenue grew by 45% YoY due to strong sales of the Ryzen CPU and Radeon GPU and rising average selling price. Coupled with accelerating demand from cloud companies, the annual revenue of AMD’s enterprise, embedded, and semi-customized divisions increased by 113%, driving annual growth of total revenue to 68%.

Trendforce Research


Computer hardware enthusiast, PC gamer, and almost an engineer. Former co-founder of Techquila (2017-2019), a fairly successful tech outlet. Been working on Hardware Times since 2019, an outlet dedicated to computer hardware and its applications.
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