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India’s Taxi War: Uber vs. Ola

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India's Taxi War: Uber vs. Ola

India’s Taxi War: Uber vs. Ola

In the cities where Uber is permitted by municipalities to operate, the ensuing battle is typically between the massive tech giant and the local taxi companies. However, in India the competitive landscape is much different: a domestic tech company has an early head start with a soaring market share. In this case, for Uber, the stakes couldn’t be much higher.

India is the second most populous country in the world, but it is expected to surpass China as early as 2022 in this category. More importantly, the country will surely be an economic powerhouse and a center of global growth in the foreseeable future. India does have its challenges, but in a previous chart we showed that it will rival China for overall economic growth in the coming decades.

So who is bold enough to challenge Uber for the massive Indian rideshare market?

That company is Ola Cabs and so far it has raised five rounds of funding, with the most recent being for a hefty $210 million in October 2014. The company was founded in 2010 by Bhavish Aggarwal and provides 750,000 daily rides in the Indian market. Ola also recently acquired a major domestic competitor (TaxiForSure) for a sum of $200 million in cash and stock.

So far, Uber has committed $1 billion from investors to ensure its dominance in India, but currently the company only brings in about 200,000 daily rides. Uber has six years of experience of winning these types of battles: against Lyft, against local taxi companies, in courts, and in the public relations sphere.

India’s size and fragmented transit system also means that there could be room for two or more rideshare companies to co-exist in the future. Since ridesharing is still in its infancy in the market, there is plenty of room to still grow for both companies: but the battle could be heated.

Lastly, for fun: here’s a graphic comparing Uber’s size in major markets against the legions of all taxi companies operating:

Original graphic by: Tech in Asia

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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.

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A cropped pie chart showing the biggest semiconductor companies by the percentage share of the industry’s revenues in 2023.

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.

RankCompany2023 Revenue% of Industry Revenue
1Intel$51B9.4%
2NVIDIA$49B9.0%
3Samsung
Electronics
$44B8.1%
4Qualcomm$31B5.7%
5Broadcom$28B5.2%
6SK Hynix$24B4.4%
7AMD$22B4.1%
8Apple$19B3.4%
9Infineon Tech$17B3.2%
10STMicroelectronics$17B3.2%
11Texas Instruments$17B3.1%
12Micron Technology$16B2.9%
13MediaTek$14B2.6%
14NXP$13B2.4%
15Analog Devices$12B2.2%
16Renesas Electronics
Corporation
$11B1.9%
17Sony Semiconductor
Solutions Corporation
$10B1.9%
18Microchip Technology$8B1.5%
19Onsemi$8B1.4%
20KIOXIA Corporation$7B1.3%
N/AOthers$126B23.2%
N/ATotal $545B100%

Note: Figures are rounded. Totals and percentages may not sum to 100.


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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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