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Largest AI Chips & Hardware Public Companies

Benchmark revenue and EBITDA valuation multiples for public comps like NVIDIA, TSMC, Broadcom, ASML and Micron.

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United States
$183
+68%
$4.5T
$4.4T
18.3x
28.7x
Taiwan
$60
+112%
$1.6T
$1.5T
11.6x
16.6x
United States
$318
+65%
$1.5T
$1.6T
19.3x
28.4x
Netherlands
$1,423
+115%
$549B
$538B
13.4x
35.2x
United States
$397
+416%
$447B
$449B
5.8x
8.0x
United States
$199
+105%
$325B
$318B
8.4x
38.2x
United States
$372
+147%
$295B
$294B
9.9x
30.9x
United States
$231
+222%
$288B
$287B
13.4x
37.4x
United States
$141
-5%
$150B
$153B
3.5x
9.5x
United Kingdom
$124
+9%
$132B
$129B
26.3x
55.9x
United States
$154
+67%
$102B
$123B
1.0x
9.6x
United States
$81
+39%
$71B
$73B
8.4x
21.3x
United States
$78
+89%
$41B
$67B
9.7x
16.2x
China
$83
--
$39B
$39B
—
—
China
$74
--
$30B
$29B
90.9x
(562.5x)
Switzerland
$33
+47%
$29B
$27B
2.2x
10.7x
United States
$22
+36%
$29B
$48B
1.3x
7.6x
Netherlands
$87
+282%
$22B
$23B
19.1x
77.3x
United States
$121
+85%
$21B
$19B
19.8x
52.2x
United States
$32
0%
$19B
$20B
0.5x
10.6x
China
$5
--
$11B
$11B
56.4x
(65.5x)
United States
$19
+174%
$7B
$6B
211.2x
(71.3x)
United States
$16
+104%
$5B
$6B
14.4x
169.4x
Canada
$7
--
$1B
$936M
—
—
Germany
$12
-59%
$750M
$1B
—
—
United States
$16
--
$609M
$484M
5.1x
18.3x
Japan
IoT+2
$9
-19%
$288M
$258M
4.2x
—
United States
$25
--
$285M
$285M
—
—
Hong Kong
$17
-35%
$280M
$277M
—
—
United States
$1
-54%
$137M
$116M
1.9x
(2.4x)

Financial data powered by FactSet and Morningstar. Valuation multiples as of last 12 months. For more data, start your free trial here.

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