Robust AI Demand Drives 6% QoQ Growth in Revenue for Top 10 Global IC Design Companies in 1Q25
NVIDIA remained the top-ranking IC design company, with Q1 revenue surging to $42.3 billion—up 12% QoQ and 72% YoY—thanks to increasing shipments of its new Blackwell platform. Although its H20 chip is constrained by updated U.S. export controls and is expected to incur losses in Q2, the higher-margin Blackwell is poised to replace the Hopper platform gradually, cushioning the financial impact.
AMD ranked fourth, posting $7.44 billion in revenue, down 3% QoQ due to slight weakness in its data center segment and continued softness in gaming and embedded products. However, revenue still rose 36% YoY. AMD is preparing to ramp up mass production of its next-generation MI350 platform in the second half of 2025, with plans to launch the MI400 in 2026, positioning itself as a direct competitor to NVIDIA’s Blackwell and upcoming Rubin AI chips.
In third place, Broadcom’s semiconductor revenue hit a record $8.34 billion in Q2, up 15% YoY. The company continues to expand its high-speed interconnect solutions for AI servers, launching the industry’s first 102.4 Tbps co-packaged optics (CPO) switch and securing custom AI ASIC contracts with several tech giants and establishing itself as a key NVIDIA rival in AI chip infrastructure.
Marvell posted $1.87 billion in revenue, up 9% QoQ, driven by strong demand for AI server components. In addition to providing customized AI ASICs for major CSPs, Marvell’s optical interconnect solutions play a crucial role in scaling AI data centers.
Qualcomm, the world’s second-largest IC design firm, reported Q1 (F2Q25) revenue of $9.47 billion. Its QCT mobile segment declined due to seasonality, and concerns over Apple’s growing in-house chip development further dampened the outlook, leading to a 6% QoQ revenue decline. In response, Qualcomm is actively expanding into AI smartphones, AI PCs, automotive, and IoT sectors.
MediaTek secured fifth place with $4.66 billion in Q1 revenue, driven by strong demand from Chinese smartphone OEMs for its Dimensity 9400+ and 8000 series chips. Higher ASPs for smartphone SoCs also contributed to the revenue boost.
Realtek delivered a standout performance, with Q1 revenue up 31% to over $1.06 billion. Growth was fueled by increased PC-related inventory stocking amid market uncertainty, greater Wi-Fi 7 adoption, and rising demand for automotive Ethernet solutions.
Novatek saw Q1 revenue rise to over $825 million, up 6% QoQ, supported by consumer subsidies in China and early shipments from customers looking to avoid tariff-related risks.
OmniVision posted Q1 revenue of $732 million, down 2% QoQ due to the smartphone off-season. However, its automotive CIS business showed strong momentum as domestic EV brands increasingly adopted camera-based driver assistance systems.
MPS hit a record high with Q1 revenue of about $638 million, driven by soaring demand for power management ICs in AI data centers. Its computing and storage segments saw significant expansion.
