The U.S. semiconductor market remains the dominant force in the global industry, accounting for 44.8% of worldwide semiconductor sales in 2024, according to the Semiconductor Industry Association (SIA). US-based semiconductor companies have experienced tremendous growth in the global supply chain along with companies in China and Asia-Pacific.

Nvidia is the largest semiconductor company (fabless) in the US, and Intel remains the largest semiconductor manufacturer (fab company). Nvidia, Intel, and Broadcom Inc. are among the top three semiconductor companies in the U.S. in terms of revenue and market influence. These companies drive innovation in AI, 5G, and computing technologies, dominating the global semiconductor market in 2025.

The United States is home to over 200 semiconductor companies, covering chip design, manufacturing, and advanced packaging. However, only 8% of semiconductor manufacturing capacity remains in the U.S., prompting increased investments under the CHIPS and Science Act to strengthen domestic production.

In this blog, we explore the top 10 largest semiconductor companies in the USA, ranked according to the revenue generated in 2024. 

Top 10 Biggest Semiconductor Companies in US (Ranked by revenue)

NVIDIA: Largest Semiconductor Company in US

Nvidia Corporation is the largest semiconductor company in the US in terms of market cap and revenue. Initially, the company is known for pioneering graphics processing units (GPUs) and advancing artificial intelligence (AI) computing with its GeForce GTX and RTX series in the gaming industry.

The breakthrough moment of Nvidia was in 2022 when OpenAI’s ChatGPT generative AI chatbot developed its technology using a supercomputer powered by 10,000 NVIDIA GPUs. Nvidia’s A-Series and H-Series AI chips power large language models (LLMs), including OpenAI’s ChatGPT. As the largest fabless semiconductor company in the world, Nvidia outsources manufacturing to TSMC and Samsung, allowing it to focus on innovation and software development.

As quoted by brand finance, NVIDIA is the world’s most valuable semiconductor brand, with a 98% increase in brand value to USD 87.9 billion, which is more than two and a half times that of TSMC. The company accelerated its own chip manufacturing process to produce a new chip every six months.

Nvidia is currently driving semiconductor technology by integrating AI and generative design into its supply chain and partnering with TSMC, Cadence, and Synopsys to enhance chip manufacturing efficiency. At GTC 2024, the company introduced the Blackwell GPU, featuring chiplet architecture for higher performance and scalability.

Intel Corporation

Founded in 1968, Intel Corporation is one of the most influential semiconductor companies in US, headquartered in Santa Clara, California. As a leading chip manufacturer in the USA, Intel designs and manufactures central processing units (CPUs), graphics processing units (GPUs), network interface controllers, chipsets, and flash memory. 

As one of the top semiconductor companies in the USA, Intel is actively expanding its manufacturing capabilities. In September 2022, the company launched construction on a USD 20 billion semiconductor manufacturing facility in Ohio, supported by federal CHIPS Act subsidies. Intel also plans to invest more than USD 100 billion in the U.S. over five years to expand chipmaking capacity and capabilities in Arizona, New Mexico, Oregon, and Ohio.

Intel has 15 wafer fabs in production worldwide at 10 locations. The company’s Fab production sites in the United States include:

• Chandler, Arizona

• Rio Rancho, New Mexico

• Hillsboro, Oregon

Intel is also advancing AI and high-performance computing with its Xeon Scalable CPUs, Alteryx field-programmable gate arrays (FPGAs), and Ponte Vecchio GPUs. Intel's future AI roadmap now includes Falcon Shores, a new line of AI processors merging Gaudi and Xe GPU technologies to compete with Nvidia and AMD in the AI computing space.

On 22nd August 2025, Intel Corporation announced an agreement with the Trump Administration. Under this agreement, the U.S. government will make an USD 8.9 billion investment in Intel common stock, reflecting confidence in Intel's role in advancing national priorities and expanding the domestic semiconductor industry.

Broadcom Inc.

Broadcom Inc. is one of the leading semiconductor companies in the USA, with a rich legacy spanning over 60 years. Rooted in the heritage of AT&T/Bell Labs, Lucent, Hewlett-Packard, and Agilent, Broadcom has grown into a powerhouse in semiconductor and infrastructure software solutions in the US. 

The company has expanded its reach through strategic acquisitions, including LSI, Brocade, CA Technologies, Symantec's enterprise security division, and VMware, dominating networking, AI, and enterprise security.

As one of the top semiconductor companies in America, Broadcom designs and manufactures high-performance semiconductor devices, specializing in digital and mixed-signal complementary metal oxide semiconductor (CMOS) chips and III-V semiconductor materials like gallium arsenide (GaAs) and indium phosphide (InP). 

These materials enable faster-switching speeds, lower power consumption, and superior performance in RF and optoelectronic applications. Broadcom also provides fiber channel storage area networking (FC SAN) solutions, including modules, switches, and subsystems that integrate multiple semiconductor components.

Broadcom has also strengthened its AI and enterprise computing capabilities. The company’s 2023 acquisition of VMware for USD 1 billion has enhanced its presence in virtualization and cloud computing, enabling businesses to optimize their computing resources. Broadcom develops specialized chips and networking components to support the increasing demand for AI-driven applications and infrastructure.

Qualcomm Incorporated

Qualcomm Incorporated is known for its innovations in wireless technology, mobile processors, and 5G solutions. As a major chip manufacturer in the USA, Qualcomm designs and develops semiconductors, software, and services that are essential to modern mobile communications, automotive systems, and iot devices.

The company is a pioneer in wireless connectivity, holding critical patents for 5G, 4G, CDMA2000, TD-SCDMA, and WCDMA standards. Qualcomm operates under a fabless business model, outsourcing semiconductor manufacturing to leading foundries like TSMC, Samsung, GlobalFoundries, and SMIC. Also, it partners with Amkor Technology, Siliconware Precision Industries, and STATSChipPAC for chip assembly and testing, with most of its suppliers based in the Asia-Pacific region.

Qualcomm's Snapdragon® processors are at the core of its semiconductor business (QCT - Qualcomm CDMA Technologies), powering smartphones, personal computers, tablets, and extended reality (XR) devices. In the automotive sector, the Snapdragon® Digital Chassis™ platform is transforming vehicles with advanced connectivity, digital cockpits, and driver assistance systems (ADAS/AD), enabling seamless cloud integration and enhanced in-cabin experiences.

Micron Technology

Micron Technology, Inc., is one of the top semiconductor companies in the USA, specializing in computer memory and data storage solutions. The company is a key player in the American semiconductor industry, producing dynamic random-access memory (DRAM), flash memory, and solid-state drives (SSDs) that power a wide range of applications.

Micron operates under its own Micron® and Crucial® brands, offering high-performance memory and storage solutions for data centers, mobile devices, client computing, and intelligent edge applications. Its Ballistix line is widely recognized in the gaming and consumer memory market.

Micron has a strong legacy in semiconductor development. In collaboration with Intel, it co-founded IM Flash Technologies, which was instrumental in producing NAND flash memory—a critical component in modern storage and computing. 

Unlike many fabless semiconductor companies in the United States, Micron owns and operates its manufacturing facilities, ensuring full control over wafer fabrication, assembly, and testing. The company also works with subcontractors for specific production processes.

Applied Materials, Inc.

Applied Materials, Inc. is a leading American semiconductor company specializing in materials engineering solutions that power nearly every semiconductor and advanced display produced worldwide. Headquartered in Santa Clara, California, Applied Materials plays an advanced role in the chip manufacturing process, providing essential wafer fabrication and display fabrication tools for industries such as artificial intelligence (AI), mobile computing, data centers, automotive, industrial applications, and consumer electronics.

As one of the top semiconductor manufacturing companies in the USA, Applied Materials offers the industry’s most extensive portfolio of semiconductor capital equipment. Its advanced Semiconductor Systems segment is responsible for designing, developing, and manufacturing advanced semiconductor fabrication tools. These tools enable the production of integrated circuits (ICs) used in everything from AI-driven technologies to next-generation computing and IoT applications.

Applied Materials serves major foundries, logic chip manufacturers, and memory chipmakers (DRAM and flash memory). Its advanced inspection and metrology tools, powered by optical and eBeam technology, help semiconductor companies maintain high chip yields and quality throughout the manufacturing process. Additionally, its advanced packaging systems enable heterogeneous integration, allowing multiple chips to be connected for enhanced computing power.

R&D and Manufacturing Facilities of Applied Materials in the United States

Advanced Micro Devices, Inc. (AMD)

Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company specializing in high-performance computing and graphics technologies. The company designs and develops central processing units (CPUs), graphics processing units (GPUs), field-programmable gate arrays (FPGAs), system-on-chip (SoC), and high-performance computing solutions.

AMD serves various industries, including gaming, data centers, artificial intelligence (AI), and embedded systems. The company is a key player in the semiconductor industry, supplying microprocessors, graphics processors, and motherboard chipsets.

AMD operates under a fabless business model, meaning it designs semiconductor products but outsources manufacturing to third-party foundries. It relies on Taiwan Semiconductor Manufacturing Company (TSMC), GlobalFoundries (GF), United Microelectronics Corporation (UMC), and Samsung Electronics for wafer production. 

AMD collaborates with assembly, test, mark, and packaging (ATMP) partners, including Tongfu Microelectronics, Siliconware Precision Industries (SPIL), and King Yuan Electronics Company (KYEC), primarily in the Asia-Pacific region.

Lam Research

Lam Research Corporation is a leading American supplier of wafer-fabrication equipment and services for the semiconductor industry. Lam Research plays a critical role in the front-end wafer processing of semiconductor manufacturing, where transistors, capacitors, and interconnects are created. 

The company also develops back-end wafer-level packaging (WLP) solutions and serves emerging markets such as microelectromechanical systems (MEMS). Lam Research is also one of the founding members of the Semiconductor Climate Consortium.

As one of the largest manufacturers in the Bay Area, Lam Research focuses on nanoscale applications, plasma processing, advanced systems engineering, and materials science. Its innovative semiconductor fabrication technologies enable customers to develop smaller, faster, and more efficient electronic devices, including mobile phones, personal computers, servers, wearables, automobiles, and data storage solutions.

The company’s customer base includes semiconductor memory, foundry, and integrated device manufacturers producing non-volatile memory, dynamic random-access memory (DRAM), and logic devices. By integrating hardware, process materials, software, and process control, Lam Research ensures precision at the atomic scale, supporting next-generation semiconductor breakthroughs.

Texas Instruments Incorporated (TI)

Texas Instruments Incorporated (TI) is a leading American multinational semiconductor company headquartered in Dallas, Texas. As one of the top 10 semiconductor companies in the world by sales volume, TI specializes in analog chips and embedded processors, which contribute to over 80% of its revenue. The company also develops Digital Light Processing (DLP) technology and educational technology products such as calculators, microcontrollers, and multi-core processors. 

Founded in 1930 and incorporated in Delaware, TI designs and manufactures semiconductors for a wide range of electronics designers and manufacturers worldwide. The company manufactured over 10 billion chips in a year. The Texas Instruments operates through two main business segments:

• Analog Semiconductors: These chips convert, amplify, and process real-world signals such as sound, temperature, pressure, and images into digital data. Analog semiconductors also play a critical role in power management, enabling devices to efficiently convert, distribute, and store electrical energy in both plugged-in and battery-powered electronics.

• Embedded Processing: This segment includes microcontrollers, processors, wireless connectivity solutions, and radar products that drive data processing and connectivity in modern electronics.

Texas Instruments (TI) Semiconductor Manufacturing Facilities in the US

KLA Corporation

KLA Corporation is a leading American technology company specializing in process control and yield management solutions for the semiconductor and nanoelectronics industries. KLA provides advanced process control, metrology, and inspection systems for all phases of wafer, reticle, integrated circuit (IC), and packaging production, from research and development (R&D) to high-volume manufacturing.

Core Business Segments

Semiconductor Process Control

KLA’s semiconductor process control segment offers a comprehensive portfolio of inspection, metrology, and software products that support semiconductor manufacturers throughout the fabrication process. The company’s advanced systems enable IC, wafer, reticle, and chemical/materials manufacturers to optimize yield and improve profitability by ensuring precision and quality control at every production stage.

KLA’s solutions support the manufacturing of various semiconductor components, including:

• Advanced logic chips

• DRAM and 3D NAND memory

• Power devices and MEMS

• Legacy node semiconductor chips

• Wide-bandgap substrates such as silicon carbide (SiC) and gallium nitride (GaN)

   2. Specialty Semiconductor Process

KLA develops and supplies vacuum deposition and etch process tools for specialty semiconductor applications, serving industries such as:

• Microelectromechanical systems (MEMS)

• Radiofrequency (RF) communication semiconductors

• Power semiconductors for automotive and industrial use

Technological Capabilities

KLA’s process-enabling solutions include:

• Inspection Systems: Ensuring defect detection and quality control across semiconductor wafers, ICs, and PCBs

• Metrology Tools: Providing precise measurements to enhance semiconductor performance

• Process Control Software: Enabling real-time monitoring and optimization of semiconductor production

• Chemistry Process Control: Supporting material integrity for semiconductor manufacturing

List of Semiconductor companies in America (other than top 10)

• Analog Devices Incorporated

• ON semiconductor

• Marvell Technology group

• Polar Semiconductor

• Microchip Technology Incorporated

• Lattice semiconductor corporation

• Semtech Corporation

• Hemlock Semiconductor Operations

• Analog devices Inc.

• GlobalFoundries

• Coherent
   

Semiconductor Market in the US: Trends, Growth, and Future Outlook

The semiconductor industry is at the heart of modern technological advancements, powering artificial intelligence (AI), autonomous vehicles, advanced wireless networks, and other transformative innovations. The United States has long been a global leader in semiconductor design, manufacturing, and research, maintaining a strong position in the industry despite increasing competition from other regions. 

As semiconductor demand rises and global supply chains evolve, the US semiconductor market is undergoing rapid growth, fueled by public and private sector investments, including the landmark CHIPS and Science Act. In 2024, the US government awarded USD 1.5 billion grant to GlobalFoundries for a multi-pronged expansion plan.

Market Size and Growth Trends

In 2023, the global semiconductor market reached USD 527 billion, with nearly 1 trillion chips sold and more than 100 semiconductors per person worldwide. Despite an initial downturn in early 2023, the market rebounded in the second half, and double-digit growth is projected for 2024. 

In May 2024, the Biden-Harris Administration issued a Notice of Funding Opportunity (NOFO) seeking proposals from eligible applicants for activities to establish and operate a CHIPS Manufacturing USA institute focused on digital twins for the semiconductor market.

The US semiconductor industry is expanding rapidly, driven by:

• Growing demand for AI, 5G, cloud computing, and electric vehicles

• Massive investments in domestic chip manufacturing

• Government initiatives to enhance supply chain resilience

US Semiconductor Market Outlook

While the US leads in semiconductor design and R&D, its chip manufacturing share has declined over the decades. However, the CHIPS and Science Act is reversing this trend by incentivizing domestic production. In March 2024, Microchip Technology secured USD 162 million grant to boost the production of semiconductors and microcontroller units.

Projected Market Share Growth (2022-2032):

• US fab capacity will grow 203% – the highest global increase

• US share of advanced chip manufacturing (less than 10 nm) will increase to 28%

• US global fab capacity share will rise from 10% to 14%

• US capital expenditure (CapEx) share in the semiconductor industry will reach 28%

Challenges and Opportunities

Challenges Facing the US Semiconductor Industry

• Skilled Labor Shortage: By 2030, the US semiconductor industry is projected to face a shortfall of 67,000 engineers, technicians, and computer scientists.

• Supply Chain Vulnerabilities: The US remains dependent on foreign chip manufacturers for advanced semiconductor production.

• Global Competition: Countries like China, Taiwan, and South Korea continue to dominate semiconductor fabrication.

• High Production Costs: Domestic semiconductor manufacturing requires significant capital investments.

Opportunities for Growth

• Government Incentives: The CHIPS and Science Act provides funding for R&D, manufacturing, and workforce development.

• Expansion of Domestic Manufacturing: 90+ semiconductor projects have been announced across 28 states, totaling USD 450 billion in private investments.

• Technological Advancements: Growth in AI chips, quantum computing, and advanced packaging presents new market opportunities.

Conclusion

The global semiconductor industry achieved a historic milestone in 2024, surpassing USD 600 billion in annual sales for the first time, with total revenue reaching USD 627.6 billion, a 19.1% increase from 2023. The U.S. semiconductor sector led this growth, with sales in the Americas rising by 44.8%, reinforcing its dominance in the global market. Key product segments like memory chips surged by 78.9%, with DRAM recording an impressive 82.6% growth, highlighting the rising demand for high-performance computing and AI-driven applications.

Looking ahead, America is set to triple its domestic chip manufacturing capacity by 2032, ensuring a stronger semiconductor supply chain and reducing dependence on foreign production. With double-digit market growth projected for 2025, continued investment in semiconductor innovation, workforce development, and trade leadership will be crucial in maintaining the U.S.'s competitive edge in the rapidly evolving global semiconductor chip industry.

Find and Track Semiconductor Fabrication Plant Projects in the US

Looking for reliable and up-to-date insights on semiconductor fabrication plant projects in the US?

Explore the Global Project Tracking (GPT) platform by Blackridge Research—your trusted source for real-time project intelligence across all development stages:

• Upcoming Projects

• Tender Notices

• Contract Awards

• Ongoing Developments

• Completed Projects

Gain early-stage project awareness, uncover new business opportunities, and access in-depth project details, including scope, capacity, CapEx, status, key stakeholders, funding insights, and critical milestones.

Book a Free Demo today and discover how the GPT platform can help you make informed, data-driven decisions!