Q3 fabless fall

Author: EIS Release Date: Dec 30, 2022

Q3 revenues for the top ten fabless companies fell 5.3% q-o-q to $37.38 billion, says TrendForce.

 

Qualcomm retained first place while Broadcom returned to second place by overtaking NVIDIA and AMD, who slipped to third and fourth respectively due to weakening demand for PCs and cryptocurrency mining machines.

 

Qualcomm had a 6.8% QoQ increase in smartphone SoCs and 5G modem chips and a 22% gain in the automotive electronics market which offset a marginal decline in the revenue for RF  chips. Qualcomm’s overall revenue was up 5.6% QoQ to $9.90 billion for 3Q22. 

 

Thanks to stable demand  for networking devices, Broadcom’s revenue went up by 6.8% QoQ to $6.94 billion. 

 

NVIDIA  raised datacentre and automotive revenue but these gains were not enough to compensate for the 32.6% drop in crypto mining demand, and a QoQ drop of 44.5% in the revenue from professional visualization.  Altogether, NVIDIA had a QoQ decline of 14% to $6.09 billion.

 

For 3Q22, AMD saw a QoQ increase of 8.3% in the revenue from businesses related to data centres. AMD also saw for the first time that data centre revenue exceeded PC revenue.

 

Nevertheless, weakening demand for consumer electronics saw AMD post a QoQ decline of 15% to $5.57 billion.

 

Marvell raised its 3Q22 revenue by 2.5% QoQ to $1.53 billion because demand is relatively steady for its networking chips for data centres, enterprise network infrastructure, and automotive

 

Overall, more than half of the top 10 posted a revenue decline for 3Q22.