31 Aug 2023 -
 General

We name the top 10 U.S. semi companies

Qualcomm Headquarters

Who are the top 10 U.S. semiconductor and equipment companies that are pushing the most silicon and leading U.S. reshoring efforts?

Here’s the round-up with all the facts and figures supplied by Industry Week:

No. 1 Intel

In September 2022 they broke ground on its new fabs in Ohio. Even with the celebrations over this new endeavor, Intel faced some hard decisions last year regarding shrinking profits and the need to cut jobs. The company posted a 25.14% profit margin in 2021 that shrank to 12.7% in 2022, while earnings dropped from $79.02 billion to $63.05 billion.

2022 Revenue: $63.05 billion
2022 Profit Margin: 12.7%
2022 Net Income: $8.01 billion
2022 Revenue Growth: -20.2%

No. 2 Qualcomm

Last year they expanded their automotive footprint with companies like BMW Group, Honda, Ferrari, Volkswagen, and Volvo; the announcement of its first Wi-Fi 7 product; and continued work on 5G tech development.

2022 Revenue: $44.2 billion
2022 Profit Margin: 29.3%
2022 Net Income: $12.9 billion
2022 Revenue Growth: 31.7%

No. 3 Broadcom

Broadcom revenue increased from $27.45 billion in 2021 to $33.2 billion in 2022 and profit margin leapt from 24.54% to 34.6%. A broad portfolio of chip designs helps the company weather downturns in specific technology sectors.

2022 Revenue: $33.2 billion
2022 Profit Margin: 34.6%
2022 Net Income: $11.4 billion
2022 Revenue Growth: 21.0%

No. 4 Micron
Micron saw only 11.0% revenue growth in 2022 compared to 29.3% in 2021 but its profit margin increased to 28.2% from 21.16%. The company in August 2022 announced a $40 billion investment to build memory chip fabs through the end of the decade and the following October announced a $100 billion investment to build semiconductor fabs in New York State.

2022 Revenue: $30.7 billion
2022 Profit Margin: 28.2%
2022 Net Income: $8.68 billion
2022 Revenue Growth: 11.0%

No. 5 Applied Materials
Saw their net income grow from $5.8 billion in 2021 to $6.52 billion in 2022 though profit margins held steady. Revenue growth slowed to 11.8% in 2022 from 34.1% in 2021. News highlights last year include the acquisition of Finnish semiconductor equipment company Picosun Oy and a breakthrough in cold field emission technology.

2022 Revenue: $25.7 billion
2022 Profit Margin: 25.3%
2022 Net Income: $6.52 billion
2022 Revenue Growth: 11.8%

No. 6 Texas Instruments Inc.
Their revenues, profit margin, and net income grew slightly from 2021 to 2022 but revenue growth sank from 26.9% to 9.2%. The company in May 2022 broke ground on its new fab in Sherman, Texas.

2022 Revenue: $20 billion
2022 Profit Margin: 43.7%
2022 Net Income: $8.74 billion
2022 Revenue Growth: 9.2%

No. 7 Lam Research
Lam saw a healthy jump in revenue from $14.6 billion in 2021 to $17.2 billion in 2022 and net income increased from $3.9 billion to $4.6 billion. Revenue growth, however, slowed from 45.6% to 17.8% and profit margin was flat. The company last year continued its drive towards net zero carbon emission goals and opened a new advanced engineering center in Bengaluru, India.
2022 Revenue: $17.2 billion
2022 Profit Margin: 26.7%
2022 Net Income: $4.6 billion
2022 Revenue Growth: 17.8%

No. 8 Analog Devices
Analog saw a big jump in revenue from $7.3 billion in 2021 to a whopping $12 billion in 2022. Net income more than doubled from $1.39 billion to $2.7 billion. In March 2022, Analog announced a 100 million Euro investment in a new innovation and collaboration center in Limerick, Ireland.
2022 Revenue: $12 billion
2022 Profit Margin: 22.9%
2022 Net Income: $2.7 billion
2022 Revenue Growth: 64.2%

No. 9 KLA Corp.

KLA revenue jumped from $6.9 billion in 2021 to $9.2 billion in 2022 and profit margin increased from 30.04% to 36.1%. Net income increased from $2 billion to $3.3 billion. KLA announced plans for a $100 million investment in a new R&D and manufacturing center in Newport, Wales, UK, and released a new x-ray metrology system for advanced memory chip production.
2022 Revenue: $9.2 billion
2022 Profit Margin: 36.1%
2022 Net Income: $3.3 billion
2022 Revenue Growth: 33.1%

No. 10
ON Semi

ON’s revenue growth dropped from 28.3% in 2021 to 23.5% in 2022 but profit margin jumped from 14.98% to 22.8%. The company divested facilites in South Portland, Maine, and Niigata, Japan while expanding its silicon carbide facilities in Hudson, New Hampshire, and Roznov, Czech Republic.
2022 Revenue: $8.3 billion
2022 Profit Margin: 22.8%
2022 Net Income: $1.9 billion
2022 Revenue Growth: 23.5%

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