October 2026
 | NVIDIA is a US semiconductor and accelerated-computing company headquartered in Santa Clara, California. It was founded on 5 April 1993 by Jensen Huang, Chris Malachowsky and Curtis Priem, and Huang remains president and CEO. The company designs GPUs (GeForce, RTX), data-center AI accelerators and networking, system-on-chip processors and the CUDA software platform. For fiscal 2026 (year ended 25 January 2026) it reported revenue of US$215.9 billion, net income of US$120.1 billion and data-center revenue of US$193.7 billion, with about 42,000 employees. It is listed on Nasdaq (NVDA) and on 29 October 2025 became the first company to reach a US$5 trillion market capitalisation. NVIDIA is also an active strategic investor, taking part in 67 venture deals in 2025 against 54 in 2024, while its NVentures fund made 30 deals in 2025. Its largest commitments include up to US$10 billion in Anthropic (November 2025) and participation in funding rounds of OpenAI, xAI, Mistral AI and Cursor. | $214 | +5% | $5.2T | $5.1T | 23.8x | 36.1x | ||
 | Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with about 70% market share in 2025. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public in Taiwan in 1994 and as an ADR in the US in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious base of customers, including Apple, AMD, and Nvidia, that look to apply its cutting-edge process technologies to their semiconductor designs. TSMC employs more than 83,000 people. | $74 | +52% | $1.9T | $1.8T | 15.7x | 22.6x | ||
| Broadcom is one of the largest semiconductor companies in the world and has also expanded into infrastructure software. Its semiconductors primarily serve computing, wired connectivity, and wireless connectivity. It has a significant position in custom AI chips to train and run inference for large language models. It is primarily a fabless designer but holds some manufacturing in-house. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments. Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as VMware, Brocade, CA Technologies, and Symantec in software. | $345 | -7% | $1.6T | $1.7T | 26.3x | 49.0x | ||
 | Samsung Electronics is a South Korean public technology manufacturer incorporated in 1969 and headquartered in Suwon. Its Device eXperience division sells smartphones, televisions, home appliances, computers and network products to consumers and enterprise customers. The Device Solutions division manufactures memory, logic and other semiconductor products, while Samsung Display produces display panels and Harman supplies automotive electronics and connected-audio systems. The company earns revenue from product sales, components, licensing and related services across a worldwide manufacturing and distribution network. Samsung Electronics listed in Korea in 1975 and operates through hundreds of subsidiaries and regional organisations. It also makes strategic and venture investments that support technologies relevant to semiconductors, devices, artificial intelligence, robotics and its broader product ecosystem. | $174 | +131% | $1.1T | $987B | 4.0x | 14.3x | ||
| Micron Technology is a semiconductor manufacturer headquartered in Boise, Idaho. The company designs, develops and manufactures memory and storage technologies used in electronic equipment. Its principal technologies include dynamic random-access memory, NAND flash and NOR memory, which support the storage and retrieval of digital information. Customers use its products in data centres, personal computers, smartphones, vehicles and other connected equipment. Micron earns revenue from sales of memory and storage products to equipment manufacturers and other business customers. Founded in 1978, it developed from a small semiconductor design company into an international manufacturer with fabrication, assembly, testing and research operations. Its manufacturing footprint spans the United States and multiple Asian locations, while design centres and customer laboratories support product development and applications. The company operates under the Micron Technology name and maintains its corporate base in Boise. | $934 | +318% | $1.1T | $1.0T | 7.6x | 9.4x | ||
| Advanced Micro Devices is a United States semiconductor company founded in 1969 and headquartered in Santa Clara, California. It designs central and graphics processors, data-center accelerators, adaptive computing products and related system-on-chip technology for computer makers, cloud operators, enterprises and embedded-system customers. Revenue comes from sales of chips and computing platforms, intellectual-property arrangements and long-term supply relationships. AMD historically manufactured many of its own processors but later separated fabrication into GlobalFoundries and became primarily a fabless designer. Its products compete in personal computers, gaming consoles, servers, artificial-intelligence infrastructure and industrial applications. Advanced Micro Devices serves B2B and B2C customers through activities spanning Semiconductors, AI Chips & Hardware and Artificial Intelligence. | $566 | +122% | $925B | $916B | 26.4x | 129.7x | ||
| SK Hynix is a semiconductor memory manufacturer with around 60%-70% of its revenue from DRAM and 30%-35% of its revenue from NAND. The company is both the second-largest DRAM and NAND supplier globally, with a 33% and 21% market share, respectively, as of 2024. SK Hynix increased its market position in NAND from fourth to second, after acquiring Intel's NAND business in 2021. SK Square, an investment management company spun off from SK Telecom, is SK Hynix's largest shareholder and currently holds 20% of the company's shares. | $1,142 | +203% | $805B | $756B | 10.4x | 15.6x | ||
 | ASML is the leader in lithography systems for manufacturing semiconductors with 90% market share. Lithography is the process in which a light source is used to expose circuit patterns from a photomask onto a semiconductor wafer. Lithography allows chipmakers to increase the number of transistors in the same area of silicon, with lithography historically representing a high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML’s largest clients are TSMC, Samsung, Intel, SK Hynix, and Micron. | $1,662 | +56% | $641B | $629B | 17.2x | 45.7x | ||
| Intel is a leading digital chipmaker focused on designing and manufacturing microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors and led the semiconductor industry down the path of Moore's law for advances in semiconductor manufacturing. Intel remains the market share leader in central processing units in both the PC and server end markets. The company is seeking to reinvigorate its chip manufacturing business, Intel Foundry, while developing leading-edge products in its Intel Products business segment. | $92 | +131% | $487B | $523B | 9.9x | 39.2x | ||
 | CXMT Corp is engaged in the research, design, production and sales of Dynamic Random Access Memory (DRAM) products. These DRAM products are widely used in mobile terminals, computers, servers, virtual reality, and the Internet of Things (IoT). | $6 | -- | $437B | $451B | 48.6x | 82.2x | ||
| Applied Materials is the largest semiconductor wafer fabrication equipment manufacturer in the world. It has a broad portfolio spanning nearly every corner of the WFE ecosystem. Applied Materials holds leading market share in deposition, which entails the layering of new materials on semiconductor wafers. It is more exposed to general-purpose logic chips made at integrated device manufacturers and foundries. It counts the largest chipmakers in the world as customers, including TSMC, Intel, and Samsung. | $422 | +80% | $335B | $333B | 11.7x | 38.1x | ||
| Lam Research is one of the largest semiconductor wafer fabrication equipment manufacturers in the world. It specializes in deposition and etch, which entail the buildup of layers on a semiconductor and the subsequent selective removal of patterns from each layer. Lam holds the top market share in etch and holds the clear second share in deposition. It is more exposed to memory chipmakers for DRAM and NAND chips. It counts as top customers the largest chipmakers in the world, including TSMC, Samsung, Intel, and Micron. | $254 | +62% | $318B | $315B | 13.5x | 36.3x | ||
| Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications. | $313 | +94% | $286B | $292B | 16.5x | 35.3x | ||
 | Arm Holdings is the IP owner and developer of the ARM architecture, which is used in 99% of the world’s smartphone CPU cores, and it also has high market share in other battery-powered devices like wearables, tablets, or sensors. Arm licenses its architecture for a fee, offering different types of licenses depending on the flexibility the customer needs. Customers like Apple or Qualcomm buy architectural licenses, which allow them to modify the architecture and add or delete instructions to tailor the chips to their specific needs. Other clients directly buy off-the-shelf designs from Arm. Both off-the-shelf and architectural customers pay a royalty fee per chip shipped. | $229 | +35% | $244B | $241B | 49.0x | 186.0x | ||
| KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung. | $167 | +39% | $218B | $219B | 16.2x | 35.9x | ||
| Analog Devices is a leading analog, mixed-signal, and digital-signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers; more than half of its chip sales are to industrial and automotive end markets. ADI's chips are also incorporated into wireless infrastructure equipment. | $433 | +85% | $210B | $217B | ||||
| Founded in 1997, MediaTek is a fabless semiconductor designer focusing on solutions for smartphones, digital televisions, and connectivity products. The business is divided into three segments. The first is "mobile," which accounts for more than half of sales, where MediaTek is the second-largest third-party supplier of smartphone SoCs by revenue to the likes of Xiaomi and Vivo. The second is "smart edge," which accounts for just over 40% of sales, that covers most devices other than smartphones. The third is "power IC" that includes power management products for mobile devices, data centers, connectivity devices and more. Mediatek is headquartered in Hsinchu, Taiwan and employs about 22,400 people. | $124 | +192% | $199B | $194B | ||||
| Qualcomm is a San Diego semiconductor, software and wireless-technology company founded in 1985. It designs modem, radio-frequency, connectivity, automotive and computing platforms used by device manufacturers and network operators worldwide. The company develops and licenses a large portfolio of patents essential to cellular standards and earns revenue through chip sales and technology licensing. Its Snapdragon platforms combine processors, connectivity, graphics and artificial-intelligence capabilities for smartphones, vehicles, personal computers and connected devices. Qualcomm also invests in and acquires technologies that extend its wireless intellectual-property base into adjacent markets. At the time of the HaloIPT transaction, its European Innovation Development group was pursuing wireless-power systems for electric vehicles. Qualcomm acquired substantially all HaloIPT technology and hired its team in November 2011 while establishing a continuing research relationship with Auckland UniServices. The company is publicly traded on Nasdaq and primarily serves manufacturers, carriers and enterprise customers. | $185 | +2% | $198B | $205B | ||||
| Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers. | $218 | +133% | $196B | $198B | ||||
 | Founded in 1954 and headquartered in Tokyo, Advantest specializes in semiconductor test systems and is a well-known leader in automated test equipment, or ATE. Advantest also has a high market share in test systems for nonmemory semiconductors, including application processors for mobile phones. The company is also involved in peripheral businesses, such as semiconductor device transport equipment. Following its acquisition of Verigy in July 2011, Advantest holds a market share of over 60% in the ATE market. | $234 | +55% | $169B | $167B | ||||
| Kioxia Holdings is a Japan-based semiconductor memory manufacturer focusing on NAND memory chips. The company is currently the third-largest NAND supplier globally, with a 14% market share as of 2024. The largest single shareholder of Kioxia is currently Toshiba, which had a 21.9% stake as of November 2025. Kioxia operates nine fabs across Japan: seven in Yokkaichi and two in Kitakami. They are mostly run via a joint venture with Sandisk, Flash Ventures. Flash Ventures is 51% owned by Kioxia. The company’s memory chips are used in various consumer electronics and enterprise infrastructure, such as PCs, smartphones, servers, and USB sticks. Of Kioxia’s revenue, 51% comes from the sales of NAND memory used in solid-state drives, which are used in PCs and servers. | $92 | +31% | $147B | $147B | ||||
| Sony Group is a conglomerate with consumer electronics roots, which not only designs, develops, produces, and sells electronic equipment and devices, but also is engaged in content businesses, such as console and mobile games, music, and movies. Sony is the global top company in CMOS image sensors, game consoles, professional broadcasting cameras, and music publishing, and is one of the top players in digital cameras, wireless earphones, recorded music, movies, and so on. Sony’s business portfolio is well-diversified, with five major business segments. | $25 | -11% | $145B | $146B | ||||
| Tokyo Electron is the fourth-largest wafer fabrication equipment provider globally by revenue, with a market share of 10% as of 2025. Founded in 1963, the company primarily manufactures etching, deposition, coaters and developers, as well as wafer cleaning equipment used in front-end semiconductor manufacturing. Tokyo Electron’s key customers include global semiconductor leaders in foundry and memory, such as TSMC, Intel, Samsung Electronics and SK Hynix. The company mainly manufactures its products across its factories in Yamanashi, Kumamoto, and Miyagi, Japan. | $64 | -71% | $144B | $142B | ||||
| Foxconn Industrial Internet Co Ltd is engaged in the design, research and development, manufacturing, and sales of various electronic equipment products. The company's main products include communications network equipment, cloud service equipment, precision tools, and industrial robots. | $7 | -33% | $135B | $136B | ||||
| SK Square is engaged in investment and digital-service businesses. The company operates across five segments: Commerce, Holding, Mobility, Platform, and Other. The Commerce segment covers electronically processed commercial activities and e-commerce services driven by mobile demand and logistics innovation. The Mobility segment provides mobility-related data services, logistics BPO, and ICT solutions. The Platform segment covers map services, ICT and software development, and online music and digital-content distribution. The Other segment includes digital advertising media operations. | $713 | +292% | $94B | $93B | ||||
| ASE Technology Holding Co Ltd is a semiconductor assembly and testing firm. The company operates in segments: Packaging, Testing, Electronic Manufacturing Services and others. Of these, Packaging segment contribute the maximum revenue. The packaging segment involves packaging bare semiconductors into completed semiconductors with improved electrical and thermal characteristics. The Testing Segment includes front-end engineering testing, wafer probing, and final testing services. In the EMS segment, the company designs manufactures, and sells electronic components and telecommunication equipment motherboards. The company is based in Taiwan but generates over half its sales from firms in the United States. | $21 | +161% | $93B | $103B | ||||
| Cambricon Technologies Corp Ltd is engaged in designing and selling artificial intelligence core chips in various cloud servers, edge computing equipment, terminal equipment, providing customers with rich chip products and system software solutions. | $137 | +6% | $86B | $86B | ||||
 | Infineon Technologies headquartered in Munich, was spun off from German industrial conglomerate Siemens in 2000 and today is one of Europe’s largest chipmakers. The company is a leader in the automotive semiconductor market with prominent products used in active safety and powertrain content within vehicles. Infineon is also the market leader in power semiconductors used to deliver voltage within a wide variety of electrical systems. The company operates in four segments: automotive, or ATV, green industrial power, or GIP, power and sensor systems, or PSS, and connected secure systems, or CSS. | $60 | +50% | $77B | $84B | ||||
| Semiconductor Manufacturing International Corporation is a semiconductor foundry providing wafer-fabrication and technology services to chip-design customers. It manufactures integrated circuits across multiple process nodes and earns revenue from contracted production, masks, testing, and related foundry services. The company serves customers and counterparties through the operating assets, products, or financial capabilities described in the cited transaction materials. Its economics are driven by services, while its competitive position depends on sector expertise, asset quality, customer relationships, and disciplined capital allocation. The company is classified in Semiconductors because those categories best represent its principal activity at the transaction date. This profile is intended to identify the legal or operating business involved in the deal, including a historical name where the company was later renamed, merged, privatized, or reorganized. | $6 | -41% | $73B | $87B | ||||
| NXP Semiconductors is a Netherlands-based semiconductor company supplying chips and related technology for electronic systems. Its products include microcontrollers, processors, analog devices, connectivity components and secure identification technology. Automotive customers use its products in vehicle control, connectivity, infotainment and sensing applications. The company also supplies industrial and connected-device markets, mobile equipment and communications infrastructure. Its technology combines processing, mixed-signal electronics and security functions within embedded systems designed by equipment manufacturers. Revenue comes from the sale of semiconductor products to business customers, supported by software and development tools that help customers incorporate those chips into finished systems. NXP expanded its product range through the acquisition of Freescale Semiconductor in 2015. Its headquarters are in Eindhoven, and it operates as a publicly listed global supplier. | $266 | +27% | $67B | $75B | ||||
| Hygon Information Technology Co Ltd is engaged in the research and development, design, and sales of high-end processors used in computing and storage devices such as servers and workstations. The company's products include Hygon central processing unit (CPU) and Hygon drive control unit (DCU). | $28 | -14% | $65B | $65B | ||||
| Monolithic Power Systems is a power chipmaker specializing in voltage regulators. Its mission is to reduce total energy consumption in end systems to improve performance and save customers cost. It serves the data center, automotive, industrial, communications, and consumer end markets. MPS uses a fabless manufacturing model, partnering with third-party chip foundries to host its proprietary BCD process technology. | $1,199 | +19% | $59B | $58B | ||||
| NAURA Technology Group Co Ltd engages in the research, development, manufacture, sale, and service of electronic equipment and components in the People's Republic of China. The company offers semiconductor equipment, including etching equipment, PVD and CVD equipment, oxidation/diffusion equipment, cleaning equipment, novel display equipment, gas mass flow controllers, etc., and vacuum heat treatment equipment and technical solutions for the semiconductors, photovoltaic equipment, vacuum electronic devices, magnetic materials, aerospace, and smart power grid sectors. | $75 | +30% | $54B | $54B | ||||
| Unimicron Technology Corporation is engaged in the manufacturing, processing, and sales of printed circuit boards, electrical equipment, electronic products, and testing and burn-in systems for integrated circuit products. The company is based in Taiwan and earns its revenue in the Asia region, but also has operations in America and domestically within Taiwan. Its operating segments consist of the regions of Taiwan and Mainland China. It derives revenue from the transfer of goods and services. | $32 | +506% | $53B | $51B | ||||
| Nanya Technology Corp is a manufacturer that specializes in DRAM(Dynamic Random Access Memory) chips. The products offered by the company include Standard DRAM, Low Power DRAM, MCP, and Module among others. | $15 | +240% | $51B | $45B | ||||
| Astera Labs Inc designs and delivers semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform integrates semiconductor technology, microcontrollers, sensors, and software to enhance performance, scalability, and data management. The company offers products such as integrated circuits (ICs), boards, and modules, catering to hyperscalers and system OEMs. The company's solutions focus on data, network, and memory management in AI-driven platforms. Geographically, the company operates in Singapore, China, Taiwan, and United States, of which maximum revenue is derived from United States. | $290 | +58% | $50B | $49B | ||||
| Teradyne provides testing equipment, including automated test equipment for semiconductors, system testing for hard disk drives, circuit boards, and electronics systems, and wireless testing for devices. The firm entered the industrial automation market in 2015 and sells collaborative and autonomous robots for factory applications. Teradyne serves numerous end markets and geographies, directly and indirectly, through its products, but its most significant exposure is to semiconductor testing. Teradyne serves vertically integrated, fabless, and foundry chipmakers with its equipment. | $296 | +63% | $46B | $46B | ||||
| Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with 5% market share in 2024 after TSMC and SMIC. UMC’s headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the US, and South Korea. UMC features a diverse customer base that includes Texas Instruments, MediaTek, Intel, Broadcom, Novatek, and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 19,000 people as of February 2025. | $4 | +135% | $45B | $42B | ||||
| Microchip Technology became an independent company in 1989 when it was spun off from General Instrument. More than half of revenue comes from MCUs, which are used in a wide array of electronic devices from remote controls to garage door openers to power windows in autos. The company's strength lies in lower-end 8-bit MCUs that are suitable for a wider range of less technologically advanced devices, but the firm has expanded its presence in higher-end MCUs and analog chips as well. | $81 | +30% | $44B | $49B | ||||
 | A merger between Italian firm SGS Microelettronica and the nonmilitary business of Thomson Semiconducteurs in France formed STMicroelectronics in 1987. STMicroelectronics is a leader in a variety of semiconductor products, including analog chips, discrete power semiconductors, microcontrollers, and sensors. It is an especially prominent chip supplier to the industrial and automotive industries. | $48 | +96% | $43B | $41B | ||||
| ASM International is a Dutch company that supplies deposition equipment for chip fabrication. It is the leader in atomic layer deposition, a precise deposition technique that is required in the most advanced semiconductors. ASM’s main clients are logic foundries TSMC, Samsung, and Intel, as well as memory foundries SK Hynix and Micron Technology. Foundries and wafer fab equipment providers like ASM work closely, which gives the firm insight into the customer’s innovation and product roadmaps. Once a machine is established in a fab, it can generate service revenue for decades. | $863 | +33% | $42B | $41B | ||||
| Disco is a Japan-based semiconductor production equipment manufacturer. Founded in 1937, the company manufactures diamond, water, and laser saws, as well as grinders and polishers, used mainly in back-end processes of semiconductor manufacturing, which involves treating processed silicon during the front-end process by thinning and dicing the wafers into bare dies for packaging.It is the world’s largest manufacturer of semiconductor-grade saws and grinders, with an estimated 60%-70% market share in the semiconductor dicing and grinding industry as of 2025. The company operates three main factories, all located in Hiroshima and Nagano, Japan. | $331 | -1% | $36B | $34B | ||||
| Renesas Electronics Corporation is a Japanese semiconductor manufacturer headquartered in Tokyo, supplying microcontrollers, systems on chips, analog and power devices and connectivity products to automotive, industrial, infrastructure and IoT customers. It was formed on 1 April 2010 when NEC Electronics, spun off from NEC in November 2002, merged with Renesas Technology, which had been created in April 2003 from the non-DRAM chip operations of Hitachi and Mitsubishi Electric. In 2025 it reported revenue of JPY 1.321 trillion, operating income of JPY 201.2 billion and 21,629 employees, with Hidetoshi Shibata as chief executive. It has grown through acquisitions: Integrated Device Technology of San Jose, announced in September 2018 as a roughly USD 6.7 billion deal and completed on 30 March 2019, which added timing, clock and memory-interface products; Dialog Semiconductor in 2021 for about USD 6 billion; and Altium in 2024 for about USD 5.9 billion. The state-backed Innovation Network Corporation of Japan took a majority stake in 2013 and sold its remaining Renesas shares in November 2023. | $19 | +51% | $34B | $37B | ||||
| Advanced Micro-fabrication Equipment Inc is engaged in the development, production, and sales of equipment such as plasma etching equipment, deep silicon etching equipment, and metal organic chemical vapor deposition (MOCVD) equipment for microelectronic devices such as integrated circuits and LED chips. | $34 | +29% | $33B | $31B | ||||
| Global Unichip Corp is engaged mainly in researching, developing, producing, testing, and selling of embedded memory and logic components for various application ICs, cell libraries for various application ICs, and EDA tools for various application ICs. It provides APT technology, design solutions, and related services intended to support performance and reliability for clients across competitive markets. The company derives revenue from the sale of its products. | $235 | +372% | $32B | $31B | ||||
| Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. It has a geographic presence in Hong Kong, the United States, Mainland China, Taiwan, and the Rest of the World. | $165 | -12% | $31B | $30B | ||||
| Montage Technology Co Ltd provides chip-based solutions for cloud computing and artificial intelligence. The company operates two main product lines: interconnection chips and the Jindai Server Platform. Its interconnection chip portfolio covers memory interface chips, memory module support chips, PCIe retimers, and related products. The Jindai Server Platform includes the Jindai CPU and Hybrid Secure Memory Module. | $25 | +31% | $31B | $28B | ||||
| Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy. | $75 | +48% | $29B | $30B | ||||
| GigaDevice Semiconductor Inc is engaged in the domestic storage and Internet of Things (IoT) chip industry. Its product portfolio comprises of flash memories and microcontrollers. Some of its products are SPI NOR flash, SPI NAND flash, and ARM Cortex-M3, among others. The products are for use in embedded, consumer, and mobile communications applications. | $41 | +34% | $29B | $27B | ||||
| Hon Precision Inc is engaged in the design, manufacture, and sales of semiconductor automation equipment. The company focuses on equipment used in integrated circuit (IC) testing and handling, including final test (FT) handlers, system-level test (SLT) handlers, burn-in ovens, and temperature control solutions, along with related equipment and services. | $160 | +96% | $29B | $27B | ||||
| MetaX Integrated Circuits (Shanghai) Co Ltd is engaged in the research, design, and sale of high-performance GPU chips and computing platforms. Its business activities include technical services, technology development, consulting, and technology transfer in the areas of integrated circuit, electronic, communication, computer software and hardware, and network technologies. The company also provides integrated circuit design, software development, and sells electronic products. | $69 | -- | $27B | $26B | ||||
| Cerebras Systems Inc is an AI company. It designs the world's fastest AI infrastructure for training and inference. The company builds the world's largest semiconductor as well as the AI systems to power, cool, and feed the processors data. It develops software to link these systems together into industry-leading supercomputers that are simple to use even for the most complicated AI work, using familiar ML frameworks like PyTorch. Customers use its supercomputers to train industry-leading models. The company uses these supercomputers to run inference at speeds unobtainable from alternative commercial technologies. It delivers these AI capabilities to its customers on-premise and via the cloud. The company generates the majority of its revenue from the USA. | $115 | -- | $27B | $21B | ||||
| Shennan Circuits Co Ltd is engaged in research and development, production, and sales of printed circuit boards, packaging substrates, and electronic assembly products. | $38 | +26% | $26B | $27B | ||||
| Qnity is a specialty chemicals company created in 2025 after being spun off from DuPont. It sells chemicals and materials to the semiconductor industry, which generates the majority of sales, and also the electronics industry. Qnity specializes in materials science, including supplying key materials required to manufacture semiconductors and interconnected devices. | $123 | +29% | $26B | $29B | ||||
| GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates, which remains its controlling shareholder today. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and has about 13,000 staff. | $46 | +29% | $26B | $25B | ||||
| Nan Ya Printed Circuit Board Corp is engaged in the Production, manufacturing, and research and development of Printed Circuit Boards (PCBs) and integrated circuit substrates. The company has three operating segments: the Domestic segment, the American segment, and the Asian segment. Its geographical markets are Taiwan, USA, Mainland China, Korea, and Others. The company generates a majority of its revenue from the Domestic segment. | $38 | +307% | $25B | $25B | ||||
| Hua Hong Semiconductor, or Hua Hong, is the second-largest Chinese foundry and the seventh-largest globally. Its current form is a result of an intragroup restructuring completed in 2013. Hua Hong is headquartered in Shanghai with another plant in Wuxi, China, and has sales offices in Japan, Taiwan, and the US. It employs more than 7,628 employees as of Dec. 31, 2025. Hua Hong’s products are used on smartphones, PCs, for the Internet of Things, data centers, and for automotive and industrial purposes, among others, but it focuses on more mature process technologies. | $8 | -20% | $25B | $26B | ||||
| Entegris is a leading supplier of purification solutions and advanced materials. The vast majority of sales are to the semiconductor industry. The majority of revenue comes from semiconductor fabricators, but the company sells to all areas of the semiconductor manufacturing supply chain including equipment and engineering, chemicals and materials, and distributors. Entegris specializes in materials science and materials purity, both of which are crucial in the semiconductor manufacturing process. | $160 | +75% | $24B | $28B | ||||
| Shanghai Enflame Technology Co Ltd is engaged in the research, design and sales of cloud-based AI chips and related products. | $55 | -- | $24B | $24B | ||||
| Winbond Electronics Corp is engaged in the design, development, manufacture, and marketing of very large scale integration (VLSI) integrated circuits (ICs) used in a variety of microelectronic applications. In addition, it offers customised memory solutions like Mobile RAM and Specialty DRAM, and core storage flash memory products. The company's operating segments are Customized Memory Solution product, Flash Memory product, and Logic IC product. Maximum revenue is generated from the Logic IC product segment, which engages mainly in the manufacturing, selling, researching, designing, and after-sales service of Logic IC products. Geographically, the company generates maximum revenue from Asia, followed by America, Europe, and Other regions. | $5 | +198% | $24B | $24B | ||||
| Moore Threads Technology Co Ltd is principally engaged in the R&D, design and sales of graphics processing units(GPUs) and related products. The business includes providing technical services, technology development, technical consulting, technology exchanges, technology transfers, technology promotion and information system integration. Besides chip design and sales, it also engages in import-export activities related to technology and hardware products. | $50 | -- | $24B | $23B | ||||
| Lasertec is a Japan-based manufacturer of mask inspection equipment used to identify defects in photomasks, which are a key component in lithography during front-end semiconductor manufacturing. Lasertec is the largest player in the mask inspection industry, with a global market share of 49% as of 2025. The company also has a dominant position in actinic mask inspection, a type of advanced inspection process required for photomasks that is used in cutting-edge EUV and high-NA EUV lithography, with over a 90% global market share. Lasertec’s main customers include foundry and memory leaders such as TSMC, Intel, and Samsung Electronics. | $262 | +42% | $23B | $23B | ||||
| Victory Giant Technology (HuiZhou)Co Ltd is a China-based company principally engaged in the research and development, manufacture, and sale of printed circuit boards (PCBs). The company's products are widely used in LED displays, servers, communications, medical equipment, new energy vehicles, computer peripherals, and other fields. The company's main products include double-sided PCBs and continuous layer PCBs. | $24 | -42% | $23B | $21B | ||||
| SJ Semiconductor Corp is engaged in mid-stage silicon wafer processing and back-end packaging business in the packaging and testing industry for integrated circuits. | $12 | -- | $22B | $21B | ||||
 | Tower Semiconductor Ltd is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs) based on the design specifications of customers. The company's line of integrated circuits is incorporated into markets, including consumer electronics, personal computers, communications, automotive, and industrial and medical device products. It produces ICs alongside wholly-owned subsidiaries through fabrication facilities located in Japan. The company has a geographical presence in the USA, Japan, Asia (other than Japan), and Europe. | $193 | +126% | $22B | $21B | ||||
| Aspeed Technology Inc. is an IC design house in Server Management, PC/ AV extension solutions, Desktop Virtualization and security enhancement. The company is engaged in the manufacturing of electronic products, wholesale of information software, retail and service industry, international trade, intellectual property, product design, and other industrial and commercial services. It operates through Multimedia Integrated Circuits (ICs); Computer Peripherals Oriented ICs; and Other segments. The company generates maximum revenue from Multimedia Integrated Circuits (ICs) segment. | $523 | +223% | $22B | $21B | ||||
| VAT Group AG is a developer and manufacturer of vacuum valves and related solutions used in vacuum environments required for the manufacturing of semiconductors, photovoltaic solar cells, digital displays, and other industrial and research applications. Its products are mission-critical components that enable high-precision processes in near-perfect vacuum environments. It operates through two segments: valves, which earn maximum revenue and focus on the design and manufacture of vacuum valves and related components, and service, which provides spare parts, repairs, upgrades, and support services for installed products. The company maintains a production footprint across multiple locations and serves customers internationally, earning a majority of its revenue from China. | $722 | +65% | $22B | $22B | ||||
| Avary Holding (Shenzhen) Co Ltd is engaged in the design, research & development, manufacturing, and sales of various printed circuit boards. The company's products mainly include communication boards, consumer electronics boards, automotive, server, and other boards. | $9 | +24% | $21B | $22B | ||||
| Skyworks Solutions produces semiconductors for wireless handsets and other devices that are used to enable wireless connectivity. Its main products include power amplifiers, filters, switches, and integrated front-end modules that support wireless transmissions. Skyworks' customers are mostly large smartphone manufacturers, but the firm also has a growing presence in nonhandset applications such as wireless routers, medical devices, and automobiles. | $89 | +15% | $21B | $21B | ||||
| Piotech Inc is engaged in the research and development, production, sales, and technical services of high-end semiconductor special equipment. The company provides three main product lines: Plasma Enhanced Chemical Vapor Deposition (PECVD) equipment for thin film formation in memory chip production, Atomic Layer Deposition (ALD) equipment for logic chip manufacturing, and Sub-Atmospheric Chemical Vapor Deposition (SACVD) equipment for wafer fabrication. | $66 | +54% | $19B | $18B | ||||
| MACOM Technology Solutions Holdings Inc is a provider of analog, digital, and mixed-signal semiconductor solutions to original equipment manufacturers and distributors. These solutions are found in systems for industrial, medical, scientific, and test and measurement markets. The firm's portfolio of products includes integrated circuits, multichip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems. | $252 | +70% | $19B | $19B | ||||
 | Technoprobe is an Italian company that designs and manufactures probe cards, the interface tools used to test integrated circuits during semiconductor production. It was founded in 1996 in Merate by Giuseppe Crippa and is headquartered in Cernusco Lombardone, in the province of Lecco. The shares trade on Euronext Milan and the company belongs to the FTSE Italia Mid Cap index. It reported revenue of about 550 million euros in 2022 and employs around 2,700 people worldwide. Technoprobe serves manufacturers of non-memory and system-on-chip semiconductors. It has widened its range through acquisitions, among them the micro-scale additive manufacturing company Microfabrica in 2019, the printed circuit board maker Harbor Electronics in 2023 and the Device Interface Solutions business of Teradyne in 2024. In the 2024 transaction Teradyne also took a 10 percent stake in Technoprobe. | $29 | +169% | $19B | $18B | ||||
| HKC Corp Ltd engages in the research, development, manufacturing, and sales of core display devices such as semiconductor display panels and intelligent display terminals. The company's product portfolio includes TV and IT display solutions across all size segments, smart TVs, monitors and IoT-enabled displays, powering applications from consumer electronics to industrial IoT ecosystems. Its business segments include: Semiconductor display panel business, Intelligent display terminal services, and Smart iot solutions. | $2 | -- | $18B | $20B | ||||
| JX Advanced Metals Corp is engaged in business activities, with its main products being sputtering targets for semiconductors and rolled copper foil. In addition, the group is also involved in copper and rare metal resource development, smelting and recycling businesses, and is involved in a wide range of businesses from upstream to downstream equipment manufacturing. The Group consists of three reportable segments: Semiconductor Materials, Information and Communication Materials, and Basic Materials. | $20 | +49% | $18B | $20B | ||||
| Hangzhou Chang Chuan Technology Co Ltd is a China based company engaged in the research and development, production and sales of integrated circuit equipment. Its product portfolio comprises of two product lines, namely Automatic sorting system and Test systems, to carry out research and development work. The Test systems product line comprises of CTA8280, CTT3280, CTT3600, CTT1000, and CTT3320. The Automatic sorting system comprises C1 series, C2 series, C3Q series, C7100/400, and C8 series, among others. | $27 | +128% | $17B | $17B | ||||
| OmniVision Integrated Circuits Group Inc designs, develops, and sales of integrated circuits, computer hardware and software, business information consulting, import and export of goods and technology, and leasing of owned houses. | $13 | -30% | $16B | $16B | ||||
| Kinsus Interconnect Technology Corp is engaged in the manufacture of electronic products, the wholesale and retail sale of electronic materials, and the consultation services of business operation and management. The company's operating segment consists of IC Substrate and Optics. The IC Substrate segment produces and manufactures BGA substrates and sells the products to electronic manufacturers. The Optics segment produces, manufactures, and sells contact lenses. The company generates the majority of its revenue from the IC Substrate segment. Geographically the company generates the majority of its revenue from Other countries. | $30 | +587% | $16B | $15B | ||||
| TCL Technology Group Corp is a consumer electronics company in China. The company mainly operates its business through four segments. The Semiconductor display business segment focuses on R&D, production, and sales of display panels and modules, and full display processing operations. The New Energy Photovoltaic and Other Silicon Materials Business segment involves producing and selling various silicon-based materials, devices, and new energy products, and operating photovoltaic power plant projects. The Distribution Business segment covers the sales of computers, software, tablets, mobile phones, and other electronics. The Other Businesses segment encompasses industrial finance and investment activities, along with providing technology development and patent maintenance services. | $1 | +10% | $15B | $42B | ||||
| SiTime Corp is a provider of Precision Timing solutions to the international electronics industry, providing the timing functionality needed for electronics to operate reliably and correctly. The Company's products are designed to address a wide range of applications across a broad array of end markets. The Company operates a fabless business model and leverages its international network of distributors to address the end markets it serves. The Company operates in one reportable segment related to the design, development, and sale of silicon timing systems solutions. It operates in Hong Kong, Taiwan, the United States, Singapore, and other regions, with the majority of revenue coming from Hong Kong. | $488 | +69% | $15B | $14B | ||||
| Lattice Semiconductor Corp is a developer of semiconductor technology that it distributes through products, solutions, and licenses. The company reaches its customers through consumer, communications, and industrial markets. The company has one operating segment namely the core Lattice business that includes silicon-based and silicon-enabling products, evaluation boards, development hardware, and related intellectual property licensing, services, and sales. The products of the company are offered globally; and, the majority of sales are derived from customers in Asia. It also has its presence in Americas and Europe. | $103 | +41% | $15B | $14B | ||||
| MPI Corp is engaged in the business of manufacturing, processing, maintenance, import and export, and trading of the semiconductor production process and testing equipments. Its Geographic areas are Taiwan, China, the USA, Singapore, Korea, and Other Countries. The majority of the revenue comes from Taiwan. | $149 | +120% | $15B | $15B | ||||
| SCREEN Holdings is a Japanese manufacturer of precision process equipment, listed on the Tokyo Stock Exchange and headquartered in Kyoto. The company was founded in 1943 as Dainippon Screen Mfg. and adopted its current name in 2014. Its businesses include semiconductor production equipment, graphic arts equipment such as digital inkjet presses, plate-making systems and workflow software, and display and printed circuit board manufacturing equipment. The graphic arts business is run through SCREEN Graphic Solutions. Its customers are chipmakers, display and electronics manufacturers and commercial printers worldwide. Revenue comes from equipment sales and from after-sales service and consumables. The group also takes strategic stakes in startups whose technologies relate to its surface control and processing know-how. | $76 | +60% | $14B | $13B | ||||
| BE Semiconductor Industries supplies advanced packaging equipment for the semiconductor industry. Besi has a highly focused product portfolio coupled with a flexible business model, which allows it to maintain high gross and operating margins. Besi’s main clients include the world’s largest logic and memory foundries (TSMC, Samsung, Intel, and Micron) as well as integrated device manufacturers and outsourced assembly and test companies. | $180 | +5% | $14B | $14B | ||||
| HANMI Semiconductor Co Ltd operates in semiconductor equipment business. Its product portfolio divides into three main segments: Semiconductor Equipment, Laser Application Processes, PV and LED. Semiconductor division offer equipment such as singulation, flip chip binder, molding, trim and form, marking, inspection, pick and place, attach and detach, and PCB equipment. Laser Application Processes comprises laser marking, laser ablation, laser cutting and singulation as well as reel to reel laser. PV and LED offer equipment including PV brick IR inspection, PV wafer inspection, LED manual mold, among others. | $147 | +47% | $14B | $14B | ||||
| Accelink Technologies Co Ltd is an optoelectronic device company in China. It develops optoelectronic devices. Its main products include optical amplifiers, wavelength division multiplexers, optical switches, optical fiber couplers, and optical fiber connectors, among others. | $17 | +90% | $14B | $13B | ||||
| Phison Electronics Corp is a Taiwan-based company engaged in designing and manufacturing flash memory controllers and peripheral system applications. Its product portfolio includes Flash memory module products, Controllers, Integrated circuits, and Others. Geographically company has a presence in Asia, America, Europe, Australia, and Others in which key revenue is derived from Asia. | $63 | +83% | $14B | $14B | ||||
| JCET Group Co Ltd is engaged in providing packaging and testing of integrated circuits and discrete devices, as well as chip design and manufacturing of discrete devices; providing customers at home and abroad with a complete set of semiconductor packaging and testing solutions, including packaging design, solder bumps, probes, assembly, testing, and distribution. | $8 | +38% | $14B | $16B | ||||
| Yuanjie Semiconductor Technology Co Ltd is engaged in the research and development, design, production and sales of optical chips. | $111 | +126% | $14B | $14B | ||||
| Hwatsing Technology Co Ltd is engaged in research and development, production, sales, and technical services of semiconductor special equipment. | $27 | +92% | $14B | $13B | ||||
| ACM Research (Shanghai) Inc is engaged in research & development, producing and selling semiconductor special equipment. The company's products include semiconductor cleaning equipment, semiconductor electroplating equipment, and packaging wet equipment. | $27 | +9% | $13B | $13B | ||||
| GlobalWafers is 46.64% owned by Sino-American Silicon Products after being spun off in 2011. The main source of the company’s revenue is selling silicon wafers to chipmakers like TSMC and Texas Instruments. It also derives sales from gallium nitride products and green energy. GlobalWafers runs 18 production sites in nine countries across Asia, North America, and Europe. GlobalWafers is headquartered in Hsinchu, Taiwan, and employs over 7,300 people. GlobalWafers had nearly 17% market share in silicon wafers in 2024. | $25 | +52% | $13B | $13B | ||||
| Semtech Corp is a provider of high-performance semiconductors powering data center networking, Internet of Things ("IoT") connectivity, and cellular infrastructure solutions. The company designs, develops, manufactures, and markets a diverse portfolio of products for commercial applications, addressing the infrastructure, high-end consumer, and industrial end markets. The company operates in four reportable segments: Signal Integrity, Analog Mixed Signal and Wireless, IoT Systems, and Connected Services. The majority of the company's revenue is earned through the Analog Mixed Signal and Wireless segment. Geographically, the majority of the company's revenue is earned from the Asia Pacific region; the company also operates in North America and Europe. | $141 | +108% | $13B | $13B | ||||
| Shenzhen JLC Technology Group Co Ltd is engaged in research, development, production and sales of infrastructure for the electronics industry. Its business activities include design, research and development, and sales of circuit boards, software technology development and sales, etc. | $23 | -- | $13B | $11B | ||||
| Realtek Semiconductor Corp is engaged in researching, developing, manufacturing, and selling various integrated circuits and related application software. The products of the company include Connected Media ICs, Communications Network ICs, Computer Peripheral ICs, Multimedia ICs, and others. The company derives maximum revenue from the Asian region. | $24 | +46% | $13B | $11B | ||||
| Rockchip Electronics Co Ltd is engaged in the design, development, and sales of integrated circuits and application solutions, providing customers with chip-related products and technical services. The company produces application processors, power management chips, and other self-developed devices, serving sectors such as IoT, consumer electronics, automotive, communications, and AI. | $29 | +12% | $12B | $12B | ||||
| Suzhou Centec Communications Co Ltd is engaged in research & development, design and sales of Ethernet switching chips and supporting products. | $28 | +63% | $11B | $11B | ||||
| Novatek Microelectronics Corp is a chip design company specializing in the design, development, and sales of a wide range of display driver ICs and SoC solutions for all display and audio/video applications. The group is mainly engaged in researching, developing, manufacturing, and sales of integrated circuit chips speech, communication, computer peripherals, LCD driver IC system, embedded MCU, DSP, and systems. The firm generates the majority of its revenue from countries across Asia, and the rest comes from Taiwan and others. | $18 | +43% | $11B | $9.6B | ||||
| Onto Innovation Inc is engaged in the design, development, manufacture, and support of high-performance control metrology, defect inspection, lithography, and data analysis systems used by microelectronics device manufacturers. The Company and its subsidiaries currently operate in a single operating segment. The company mainly operates in the United States, Southeast Asia, China, Japan, and Europe, with Taiwan and South Korea the sources of total revenue. | $222 | +64% | $11B | $10B | ||||
| Shenzhen Kinwong Electronic Co Ltd is engaged in manufacturing and sale of Printed Circuit Boards (PCB). The group offers multi-layer PCB and flexible PCB. The products of the company are applied in consumer electronics, automotive, controller and equipment, network telecommunication and IT & PC peripheral. The firm has built a strategic partnership with global top brands such as Microsoft, Hitachi, Sanyo, Foxconn, Emerson, Honeywell, Logitech, and so on. Geographically operates through the Chinese market. | $10 | +2% | $11B | $11B | ||||
| Kokusai Electric is a semiconductor-production-equipment maker specializing in batch thermal processing and deposition systems. The organization serves B2B customers and counterparties through the operating assets, products, or financial capabilities described in the cited transaction materials. Its principal economics are Product sales, Services, while its competitive position depends on sector expertise, asset quality, customer relationships, execution, and disciplined capital allocation. The business was founded in 2017 and is headquartered in Tokyo. QIA acquired a minority stake from KKR before Kokusai Electric’s later Tokyo Stock Exchange listing. The profile reflects the legal or operating business at the transaction date, including its historical identity where a subsequent listing, merger, privatization, disposal, or reorganization changed its name or ownership. | $47 | +26% | $11B | $11B | ||||
| Median | $75 | +51% | $28B | $28B | 12.7x | 38.7x |
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