Technology
The Smart Home of Tomorrow
Today, people want everything to be “smart”.
Smart phones, smart appliances, smart autos, smart cities, smart grids, and even smart trash cans are either already in our lives today, or will be in our near future.
In some cases the “smart” moniker may be applied loosely to new products, but the trend is real and overarching. It all stems from spreading adoption of the internet of things. With smart technology, many objects that were once quite simple are now automated, controlled by a phone, or optimized based on your personal preferences – and over time, this is going to change many aspects of our personal and professional lives.
One “smart” trend that is on a trajectory to impact almost everyone is one that concerns the most basic rung of our hierarchy of needs: our shelter.
Introducing The Smart Home of Tomorrow
Today’s infographic from Vibrant Doors shows how the new smart home will change everyday living for most people. It also shows consumer preferences, expected demand, and the obstacles to widespread adoption of this new “smart” technology.
The biggest obstacle for adoption of smart home technology is an interesting one: choice.
It’s expected that the smart home market will be worth $122 billion by 2022, and every company wants a piece of that pie. As a result, there is a multitude of brands trying to solve the smart home equation in order to break through as market leaders for this technology. The names in this battle range from giant tech companies like Apple, Amazon, Samsung, and Alphabet, to upstart competitors focusing on small niches within the home.
Consumers, for the most part, are willing to wait until the timing is right. Currently there is intense competition in the early stages of the smart home market and consumers are willing to watch brands duke it out. After all, adopting smart home devices and infrastructure is not cheap, and consumers only want to buy brands that are going to stand the test of time.
Technology
Ranked: Semiconductor Companies by Industry Revenue Share
Nvidia is coming for Intel’s crown. Samsung is losing ground. AI is transforming the space. We break down revenue for semiconductor companies.
Semiconductor Companies by Industry Revenue Share
This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources.
Did you know that some computer chips are now retailing for the price of a new BMW?
As computers invade nearly every sphere of life, so too have the chips that power them, raising the revenues of the businesses dedicated to designing them.
But how did various chipmakers measure against each other last year?
We rank the biggest semiconductor companies by their percentage share of the industry’s revenues in 2023, using data from Omdia research.
Which Chip Company Made the Most Money in 2023?
Market leader and industry-defining veteran Intel still holds the crown for the most revenue in the sector, crossing $50 billion in 2023, or 10% of the broader industry’s topline.
All is not well at Intel, however, with the company’s stock price down over 20% year-to-date after it revealed billion-dollar losses in its foundry business.
| Rank | Company | 2023 Revenue | % of Industry Revenue |
|---|---|---|---|
| 1 | Intel | $51B | 9.4% |
| 2 | NVIDIA | $49B | 9.0% |
| 3 | Samsung Electronics | $44B | 8.1% |
| 4 | Qualcomm | $31B | 5.7% |
| 5 | Broadcom | $28B | 5.2% |
| 6 | SK Hynix | $24B | 4.4% |
| 7 | AMD | $22B | 4.1% |
| 8 | Apple | $19B | 3.4% |
| 9 | Infineon Tech | $17B | 3.2% |
| 10 | STMicroelectronics | $17B | 3.2% |
| 11 | Texas Instruments | $17B | 3.1% |
| 12 | Micron Technology | $16B | 2.9% |
| 13 | MediaTek | $14B | 2.6% |
| 14 | NXP | $13B | 2.4% |
| 15 | Analog Devices | $12B | 2.2% |
| 16 | Renesas Electronics Corporation | $11B | 1.9% |
| 17 | Sony Semiconductor Solutions Corporation | $10B | 1.9% |
| 18 | Microchip Technology | $8B | 1.5% |
| 19 | Onsemi | $8B | 1.4% |
| 20 | KIOXIA Corporation | $7B | 1.3% |
| N/A | Others | $126B | 23.2% |
| N/A | Total | $545B | 100% |
Note: Figures are rounded. Totals and percentages may not sum to 100.
Meanwhile, Nvidia is very close to overtaking Intel, after declaring $49 billion of topline revenue for 2023. This is more than double its 2022 revenue ($21 billion), increasing its share of industry revenues to 9%.
Nvidia’s meteoric rise has gotten a huge thumbs-up from investors. It became a trillion dollar stock last year, and broke the single-day gain record for market capitalization this year.
Other chipmakers haven’t been as successful. Out of the top 20 semiconductor companies by revenue, 12 did not match their 2022 revenues, including big names like Intel, Samsung, and AMD.
The Many Different Types of Chipmakers
All of these companies may belong to the same industry, but they don’t focus on the same niche.
According to Investopedia, there are four major types of chips, depending on their functionality: microprocessors, memory chips, standard chips, and complex systems on a chip.
Nvidia’s core business was once GPUs for computers (graphics processing units), but in recent years this has drastically shifted towards microprocessors for analytics and AI.
These specialized chips seem to be where the majority of growth is occurring within the sector. For example, companies that are largely in the memory segment—Samsung, SK Hynix, and Micron Technology—saw peak revenues in the mid-2010s.
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