Nvidia Named Q3’s Most Profitable Semiconductor Company

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Profit growth is linked to Nvidia’s dominance in AI chips for data centres.

In the third quarter of this year, graphics chip leader Nvidia has outperformed major industry players such as Intel, Samsung, and Taiwan Semiconductor Manufacturing Company (TSMC) to become the most profitable semiconductor firm. This achievement was highlighted in a report by Taipei-based analyst Dan Nystedt. Nvidia’s impressive Q3 revenue hit US$ 18.12 billion, accompanied by a significant profit of US$ 10.42 billion. This marks an impressive 206 per cent increase compared to the previous year. The company’s financial success is largely credited to its leading role in AI chips for data centres.

Nvidia is on track to claim the second-place position in overall chip revenue for 2023, potentially overtaking both Intel and Samsung. However, TSMC is projected to retain its top spot in the industry.

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For context, TSMC, the world’s foremost contract chip manufacturer, reported revenues of US$ 17.28 billion and profits of US$ 7.21 billion for the same period. Intel’s revenue stood at US$ 14.16 billion, but the company faced a loss of US$ 8 million. Samsung Semiconductor, Samsung’s chip design and manufacturing division, saw revenues of US$ 12.52 billion but incurred losses of US$ 2.86 billion.

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