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Is Age Just a Number? Big Wins by Older Entrepreneurs

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Is Age Just a Number? Big Wins by Older Entrepreneurs

Is Age Just a Number? Big Wins by Older Entrepreneurs

The entrepreneurial archetype that people think of in 2015 is usually some sort of kid-genius programmer or visionary that strikes it big. Think of Mark Zuckerberg, who created co-founded Facebook in his early 20s and launched a multi-billion dollar empire.

However, through society’s reverence for such enigmatic figures, we’ve forgot about a group that gets less appreciation than they deserve: entrepreneurs who launch big businesses closer to their golden years.

Today’s infographic shows that older entrepreneurs are more likely than their younger counterparts to be successful in certain industries. For example, the average successful founder in the computers, health care, and aerospace industries is about 40 years old. Further, a study by the Founders Institute discovered that businesses are more likely to succeed as their founders close in on that same age.

There are actually more entrepreneurs in higher age brackets than before. Just 14.3% of new entrepreneurs in 1996 were older than 55, and in 2012 that number soared to 23.4%. Today, this older segment actually starts new businesses at a higher rate than folks in their 20s or 30s, and has the highest rate of entrepreneurial activity overall. An older entrepreneur can handle the financial risks, and also tends to have a more stable family life and better experience.

Some successful entrepreneurs who started businesses later in life include Sam Walton (Wal-mart) at age 44, Gordon Bowker (Starbucks) at age 51, Arianna Huffington (Huffington Post) at age 54, and Charles Flint (IBM) at age 61.

Is age just a number? It seems so. Older entrepreneurs are founding more businesses and achieving great things, even in the “Zuckerberg” age.

Original graphic by: SurePayroll

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Ranked: Largest Semiconductor Foundry Companies by Revenue

Most of the 10 largest semiconductor foundries in the world, are headquartered in just three Asian countries, accounting for 90% of the entire industry’s revenue.

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A cropped chart showing the largest semiconductor foundry companies by their percentage of global revenues in Q1 2023.

Ranked: Largest Semiconductor Foundry Companies by Revenue

They’re in our phones, cars, planes, and even fridges.

Semiconductor chips have become critical for the modern way of life, and the biggest semiconductor foundry companies rake in billions of dollars from widespread demand.

This chart shows the largest semiconductor foundry companies by their percentage of global revenues in Q1 2023, using data sourced from Trendforce.

โ„น๏ธ We highlight data for companies that only operate foundries (fabrication plants) that manufacture chips for clients, also known as a “pure-play” foundries, as well as companies that design and manufacture their own chips, known as integrated device manufacturers. “Fabless” manufacturers that only design and don’t manufacture their own chips are not included.

Semiconductor Foundry Companies by Revenue

At the top of the list and dwarfing every other company by revenue share is TSMC which earned 60% (or nearly $17 billion) of the entire industry’s revenue in Q1 2023.

Founded in 1987, TSMC is a pure-play foundry that has become Taiwan’s largest company and manufactures products for a host of clients including Apple, NVIDIA, and AMD.

RankCompanyCountryRevenue
(Q1 2023, USD)
1TSMC๐Ÿ‡น๐Ÿ‡ผ Taiwan$16,735M
2Samsung๐Ÿ‡ฐ๐Ÿ‡ท South Korea$3,446M
3GlobalFoundries๐Ÿ‡บ๐Ÿ‡ธ US$1,841M
4UMC๐Ÿ‡น๐Ÿ‡ผ Taiwan$1,784M
5SMIC๐Ÿ‡จ๐Ÿ‡ณ China$1,462M
6HuaHong Group๐Ÿ‡จ๐Ÿ‡ณ China$845M
7Tower Semiconductor๐Ÿ‡ฎ๐Ÿ‡ฑ Israel$356M
8PSMC๐Ÿ‡น๐Ÿ‡ผ Taiwan$332M
9VIS๐Ÿ‡น๐Ÿ‡ผ Taiwan$269M
10DB Hitek๐Ÿ‡ฐ๐Ÿ‡ท South Korea$234M
Other$556M
Global Total$27,860M

Note: Revenue based on the following conversion rates: USD 1 = WON 1,276; USD 1 = NTD 30.4.

Well behind TSMC in foundry revenues is integrated device manufacturer Samsung, the biggest company in South Korea, which made $3.4 billion (12.4% of the industry’s revenue) from its semiconductor manufacturing business.

GlobalFoundries from the U.S., UMC from Taiwan and SMIC from China round out the top five, with each taking home around 6% of industry’s revenue share in Q1 2023. The former spun out from AMD’s manufacturing arm when the company went fabless in 2009.

Industry concentration is apparent in semiconductors. For example, the top 10 semiconductor foundry companies account for 98% of the entire industry’s revenue. Furthermore, 90% of the market is dominated by companies in just three Asian countries: Taiwan, South Korea, and China.

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