Nvidia’s Q3 Surge Over Rivals

Nvidia’s revenue was $18.12 billion in the third quarter of this year, with a profit of $10.42 billion…reports Asian Lite News

Graphics chip giant Nvidia has become the most profitable semiconductor firm in the third quarter (Q3) of this year, surpassing Intel, Samsung, and Taiwan Semiconductor Manufacturing Company (TSMC).

Taipei-based financial analyst Dan Nystedt compiled financial results from Intel, Nvidia, Samsung Semiconductor, and TSMC for all quarters since Q1 2021, and the figures showed that Nvidia has surpassed all others to become the world’s most profitable chip company.

“Nvidia swooped in and took the third quarter chip industry revenue crown, beating out TSMC, Intel and Samsung as the generative AI trend continues to strengthen,” Nystedt posted on X.

“Nvidia could win second place in full-year chip revenue in 2023, beating Intel and Samsung, while TSMC remains on track to take the title,” he added.

The news was first reported by SamMobile.

Nvidia’s revenue was $18.12 billion in the third quarter of this year, with a profit of $10.42 billion, a 206 per cent (year-over-year) increase, with AI chips for data centres accounting for the majority of the profit.

In comparison, TSMC, the world’s largest contract chip manufacturer, generated $17.28 billion in revenue and $7.21 billion in profit. Intel’s revenue for the third quarter of 2023 was $14.16 billion, but it lost $8 million.

Samsung Semiconductor, Samsung’s chip designing and manufacturing arm, had revenue of $12.52 billion but losses of $2.86 billion.

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