2020’s Top Semiconductor Manufacturers

Semiconductor manufacturers

In today’s increasingly connected world, semiconductors are more important than ever before. They power everyday devices such as phones, tablets, computers, gaming devices, routers, and much more. But they also play a key role in emerging technologies like autonomous vehicles, smart homes, and AI. As such, semiconductor manufacturers are essential to numerous other sectors.

The global semiconductor market continues to grow, driven by factors such as the increasing number of data centers, the use of advanced technologies in smartphones, and the growing popularity of Internet of Things (IoT) devices and smart homes. While 2020 is a challenging year for the industry and COVID-19 is slowing or stopping growth for some manufacturers, the industry is expected to recover and grow at a CAGR of over 4% between 2020 and 2024. Countries in APAC remain key locations for the semiconductor industry, and the region will account for the majority of growth over the next several years.

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So who are the top semiconductor manufacturers? Here’s Technavio’s list of the semiconductor companies leading the global market in 2020.

2020’s top semiconductor manufacturers


Headquartered in California, this global infrastructure technology company produces semiconductor and infrastructure software solutions. Its offerings include Bluetooth solutions, modems, networking processors, storage adapters, optical sensors, and more. The organization acquired Symantec Enterprise Security in 2019, and also consists of LSI, Brocade, and CA Technologies. Broadcom is also involved with numerous industry standards associations and specifications, with leadership positions in many different groups.

Infineon Technologies

Infineon Technologies AG designs and manufactures a range of semiconductors and is operates in four key segments: automotive, industrial power control, power and sensor systems, and digital security solutions. Its products and solutions are used in areas such as speech recognition, gesture control, active safety systems, and renewable electricity sources. Engineers from Infineon have also developed a 3D-printed lung ventilator to help support patients during the COVID-19 pandemic.


Intel designs and manufactures products and technologies used in the cloud and in smart, connected devices. The company specializes in semiconductors, AI, autonomous driving, and non-volatile memory solutions, and its current areas of focus include 5G, xPU platforms. Intel is also becoming a more data-centric company, and has expanded its offerings to include end-to-end solutions that cover edge computing, the cloud, and more.

Suggested reading: Is 2020 the Year that Smart Glasses Companies Win Over Mainstream Consumers?

Micron Technology

Micron produces memory and storage solutions used in applications such as AI and autonomous vehicles. With over 37,000 team members across 18 countries, the company has been operating for over 40 years. Its brands include Micron and Crucial, and its products include DRAM, NOR Flash, NAND Flash, and more.


One of the early developers of the GPU, NVIDIA creates products that are used in gaming PCs, VR, AI, autonomous driving, robotics, and many other applications. Its GPUs power advanced supercomputers, and the company has created a scalable AI car platform for autonomous driving that has been adopted by over 200 companies around the world.

NXP Semiconductors

Headquartered in the Netherlands and with 29,000 employees around the world, NXP creates semiconductors and solutions for secure connectivity across industries. Its areas of focus include automotive, industrial, mobile, smart home, smart city, and communication infrastructure. The company produces technologies for sensing and ranging applications, AI- and ML-enabled processors, cloud and edge computing, ultra-low power and battery management, and system security and safety.


Founded in 1985, Qualcomm now comprises over 170 offices in more than 40 countries. The company manufactures technologies for computation, connectivity, and communications, and its products are used in a range of applications such as mobile devices, laptops, data modules, routers, infrastructure equipment, IoT devices, and more.

Samsung Semiconductor

Samsung Semiconductor produces semiconductor solutions for memory, System LSI, and foundry applications. Its parent, Samsung Electronics, acquired Hankook Semiconductor in 1974 and developed its first memory chip in 1983. Today, Samsung Semiconductor is a multi-billion dollar subsidiary of Samsung Electronics and its products are used in a range of consumer electronics, computing platforms, and other devices. They include memory products, SSDs, LCD/OLED displays, and more.

SK hynix

A member of SK Group (a South Korean industrial conglomerate), SK Hynix is a multinational semiconductor manufacturer with production sites in Korea and China as well as offices around the world. The company began in 1983 and has grown into one of the largest producers of memory chips. Its products include DRAM, NAND flash, CMOS image sensors, and more.

Suggested reading: South Korea’s Plan to Boost Its Electric Vehicle Industry

Texas Instruments

Texas Instruments designs and manufactures semiconductors for a range of applications that include automotive, industrial, consumer electronics, communications equipment, and enterprise systems. The company’s portfolio comprises around 80,000 products, and it operates its own manufacturing facilities around the world. TI’s products include analog technologies along with DSP and MCU semiconductors, and it provides solutions for analog and digital embedded, application processing, and education technology.

Discover opportunities, challenges, and trends in the global semiconductor industry with Technavio’s market research report, which includes insights such as:

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive semiconductor market growth during the next five years
  • Precise estimation of the semiconductor market size and its contribution to the parent market
  • In-depth predictions on upcoming trends and changes in consumer behavior
  • The growth of the semiconductor market industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on semiconductor manufacturers
  • Comprehensive details of factors that will challenge the growth of semiconductor market vendors

Learn more about semiconductor manufacturers and the ways COVID-19 is impacting them with Technavio’s market research report. Try a free sample today!