NVIDIA Is The Only Company To Witness Double-Digit Growth In Q1, IC Industry Rebound Expected by Q3 2023

wccftech.com:

The IC Design industry is undergoing an economic downturn due to dwindling demand. However, TrendForce reports that things could look better in the upcoming quarters.

The statistics reveal that the revenue for the current quarter has stayed the same compared to Q4 2022, mainly due to declining demand and the ongoing pre-release period. Moreover, a slight 0.1% QoQ increase was noted in the overall revenue, which totaled US$33.86 billion. However, report at TrendForce has given hope for a rebound in the next quarter.

Diving into the statistics, Qualcomm retains its dominance with its lion's share of 23.5% within the industry. The company also witnessed a 6.1% QoQ increase in its smartphone division mainly due to the release of Snapdragon Gen 2, along with major retailers such as Samsung and OnePlus adopting the flagship chipset, which led to a revenue rise. However, things looked dim in the automotive division, with a quarterly decline that ultimately increased the company's overall revenue by 0.6%.

Well, at Team Green's (NVIDIA) camp, everything is rainbows and butterflies. TrendForce reports that the company has experienced a significant increase in revenue, citing the rapid surge in demand due to the influx of generative AI globally. The company is further expected to see a major gain in Q2.

The Q1 revenue of the gaming and data center division saw a massive uplift, 20%, and 10%, respectively. NVIDIA's earnings skyrocketed by 13.5%, totaling US$6.73 billion. Apart from revenue, the company market's share also grew, and it is expected to steal the throne from Qualcomm soon.

Companies like AMD and MediaTek are still experiencing challenges with inventory correction since the demand has fallen to an all-time low. Both companies