Omdia: Global semiconductor industry revenue increased 14.5% month-on-month in the third quarter and is expected to exceed 800 billion US dollars for the whole year

The Zhitong Finance App learned that Omdia's latest research shows that in the third quarter of 2025, the semiconductor market performance reached a record high, with industry revenue reaching US$216.3 billion, an increase of 14.5% over the previous month. After achieving strong month-on-month growth of 8% in the second quarter of 2025, the global semiconductor market's revenue surpassed the $200 billion mark in a single quarter for the first time. According to this growth rate, the industry's revenue for the full year of 2025 is expected to exceed 800 billion US dollars.

Third quarter 2025 performance far exceeded seasonal expectations

Demand for AI and storage products continues to be strong, and both segments are growing faster than the overall market level. Although AI is the focus of recent industry buzz, Omdia notes that the third quarter of 2025 is driving market growth in more segments than in previous quarters.

Judging from historical data, the semiconductor industry's average month-on-month increase in the third quarter was about 7%, while entering the third quarter of 2025, the publicly anticipated month-on-month growth rate was about 5%, which is a typical seasonal pattern. However, the actual performance in the third quarter far exceeded expectations, with a month-on-month increase of more than 14%, and the performance of almost all semiconductor categories surpassed the previous quarter's forecast.

Growth momentum spreads outward from Nvidia and storage

2024 is a record year for the semiconductor market. The industry's revenue exceeded 650 billion US dollars, with an annual growth rate of more than 20%. However, Omdia points out that this round of growth has been extremely unevenly distributed. Excluding Nvidia (NVDA.US) and memory chip revenue, the rest of the market achieved only 1% growth in 2024 due to inventory adjustments and weak demand.

In contrast, the market showed a healthier and more comprehensive recovery in 2025. While AI and storage are still the main growth engines, other segments of the market are currently growing strongly. In the third quarter of 2025, overall market revenue increased by more than 14% month-on-month. Even excluding Nvidia and memory chips, the month-on-month increase reached more than 9%.

Omdia predicts that the semiconductor industry's revenue for the full year of 2025 will exceed 800 billion US dollars, an increase of nearly 20% over 2024. Even without Nvidia and memory chips, the annual market growth rate is expected to reach around 9%, which confirms that the semiconductor industry has moved from a few segments to a new stage of joint expansion for the entire industry in 2025.

Leading companies secure leading positions in AI and storage

In terms of revenue rankings for the third quarter of 2025, the top four companies in the semiconductor industry are Nvidia and the three major memory chip manufacturers: Samsung, SK Hynix (SK Hynix), and Micron (MU.US), highlighting the continued dominance of AI accelerators and high-end storage products.

Lino Jeng, senior chief analyst at Omdia, said, “As AI inference workloads expand, demand for traditional dynamic random access memory (DRAM) and high-bandwidth memory (HBM) has surged simultaneously, driving product prices to rise sharply in the short term. Fourth-quarter revenue is expected to reach a record high, and this strong momentum may continue until next year.”

Together, these four companies contribute more than 40% of the global semiconductor industry's revenue.