LONDON--(BUSINESS WIRE)--Dec 11, 2025--
New research from Omdia shows that the semiconductor market delivered a record breaking performance in 3Q25 with industry revenue reaching $216.3bn, up 14.5% quarter-over-quarter (QoQ). This marks the first time the global semiconductor market has exceeded $200bn in a single quarter, following an already strong 2Q25, which saw 8% QoQ growth. At this pace, the industry is on track to exceed $800bn in total revenue for 2025.
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3Q25 far exceeds seasonal expectations
Demand for AI and memory products remains strong, with both segments continuing to outpace the wider market. While AI has dominated recent industry narratives, Omdia notes that more segments contributed to growth in 3Q25 than in previous quarters.
Historically, the third quarter sees an average increase of just over 7% and public guidance going into 3Q25 suggested roughly 5% QoQ growth, a typical seasonal pattern. Instead, Q3 more than doubled expectations and delivered over 14% QoQ growth as nearly every semiconductor category outperformed last quarter’s forecasts.
Growth spreads beyond NVIDIA and memory
2024 was a record year for the semiconductor market, surpassing $650bn in revenue with more than 20% annual growth. However, Omdia notes that this expansion was highly uneven. When NVIDIA and memory ICs were excluded, the rest of the market grew just 1% in 2024 constrained by inventory adjustments and soft demand.
In contrast, 2025 has shown a far healthier and more broad-based recovery. While AI and memory remain the primary engines of expansion, the rest of the market is now growing strongly as well. Revenue in 3Q25 was up over 14% QoQ for the total market and came in at over 9% (excluding NVIDIA and memory IC).
For the full year 2025, Omdia projects semiconductor revenue to surpass $800bn, up nearly 20% from 2024. Even without NVIDIA and memory, the market is on track for around 9% annual growth, confirming that 2025 marks a shift to industry-wide expansion rather than growth concentrated in only a few segments.
Top companies reinforce AI and memory leadership
The top four semiconductor companies by Q3 revenue were NVIDIA and the three major memory companies: Samsung, SK Hynix, and Micron, highlighting the continued dominance of AI accelerators and advanced memory.
“Demand for conventional DRAM is surging alongside HBM as AI inference workloads scale, driving an exceptional short-term price rally,” said Senior Principal Analyst Lino Jeng. “We expect Q4 to set a new all-time revenue record, with this extraordinary strength likely to continue into next year.”
Together, these four companies accounted for over 40% of all semiconductor revenue.
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Total semiconductor revenue
ST. MORITZ, Switzerland (AP) — Two-time Olympic champion Michelle Gisin was airlifted from the course by helicopter Thursday after crashing hard in a practice run for a World Cup downhill.
Gisin is the third current Olympic champion in the Switzerland women’s Alpine ski team to crash in training in the last month, after Lara Gut-Behrami and Corinne Suter.
The 32-year-old Swiss hit the safety fences racing at more than 110 kph (69 mph) on a cloudy morning at St. Moritz in practice for downhills scheduled Friday and Saturday, then a super-G Sunday.
One of Gisin's skis seemed to catch an edge approaching a fast left-hand turn and she lost control going straight on, hitting through the first layer of safety nets until being stopped by the second.
There was no immediate report of any injury. Television pictures showed Gisin conscious lying by the course with scratches and cuts on her face as medics assessed her.
Gisin, who won gold in Alpine combined at the past two Winter Games, is currently the veteran leader of the Swiss women’s speed team because of injuries to her fellow 2022 Beijing Olympic champions.
Gut-Behrami’s Olympic season was ended tearing the ACL in her left knee while crashing in practice last month at Copper Mountain, Colorado.
Suter is off skis for about a month with calf, knee and foot injures from a crash while training at St. Moritz last month.
At the last Winter Games in China, Suter won the downhill, Gut-Behrami won super-G — where Gisin took bronze — and Gisin took the final title in individual combined. The Swiss skiers have seven career Olympic medals.
Gisin crashed Thursday when United States star Lindsey Vonn was already on the course having started her practice run. Vonn was stopped while Gisin got medical help and resumed her run later.
Vonn was fastest in the opening practice Wednesday.
The Milan Cortina Olympics open Feb. 6 with women's Alpine skiing race at the storied Cortina d'Ampezzo hill.
AP Winter Olympics at https://apnews.com/hub/milan-cortina-2026-winter-olympics
Michelle Gisin of Switzerland is being carried on a stretcher to a helicopter after a fall, during the women's Downhill training race at the Alpine Skiing FIS Ski World Cup, in St. Moritz, Switzerland, Thursday, Dec. 11, 2025. (Jean-Christophe Bott/Keystone via AP)
Switzerland's Michelle Gisin speeds down the course during an alpine ski, women's World Cup downhill training, in St. Moritz, Switzerland, Thursday, Dec. 11, 2025. (AP Photo/Gabriele Facciotti)
Michelle Gisin of Switzerland in action before a fall during the women's Downhill training race at the Alpine Skiing FIS Ski World Cup, in St. Moritz, Switzerland, Thursday, Dec. 11, 2025. (Jean-Christophe Bott/Keystone via AP)
Michelle Gisin of Switzerland is being carried on a stretcher after a fall during an alpine ski, women's World Cup downhill training, in St. Moritz, Switzerland, Thursday, Dec. 11, 2025. (Keystone Via AP)
Michelle Gisin of Switzerland is being carried on a stretcher after a fall during an alpine ski, women's World Cup downhill training, in St. Moritz, Switzerland, Thursday, Dec. 11, 2025. (Keystone Via AP)
