Technology
Nvidia vs. AMD vs. Intel: Comparing AI Chip Sales
Nvidia vs. AMD vs. Intel: Comparing AI Chip Sales
Nvidia has become an early winner of the generative AI boom.
The company reported record revenue in its second quarter earnings report, with sales of AI chips playing a large role. If we compare to other American competitors, what do the AI chip sales of Nvidia vs. AMD vs. Intel look like?
In this graphic, we use earnings reports from each company to see their revenue over time.
A Clear Leader Emerges
While the companies don’t report revenue for their AI chips specifically, they do share revenue for their Data Center segment.
The Data Center segment includes chips like Central Processing Units (CPUs), Data Processing Units (DPUs), and Graphic Processing Units (GPUs). The latter are preferred for AI because they can perform many simple tasks simultaneously and efficiently.
Below, we show how quarterly Data Center revenue has grown for Nvidia vs. AMD vs. Intel.
| Nvidia | AMD | Intel | |
|---|---|---|---|
| Q2 2021 | $2.4B | $0.8B | $5.7B |
| Q3 2021 | $2.9B | $1.1B | $5.9B |
| Q4 2021 | $3.3B | $1.2B | $6.7B |
| Q1 2022 | $3.8B | $1.3B | $6.1B |
| Q2 2022 | $3.8B | $1.5B | $4.7B |
| Q3 2022 | $3.8B | $1.6B | $4.4B |
| Q4 2022 | $3.6B | $1.7B | $4.6B |
| Q1 2023 | $4.3B | $1.3B | $3.7B |
| Q2 2023 | $10.3B | $1.3B | $4.0B |
Source: Nvidia, AMD, Intel. Quarters are based on the calendar year. In cases where revenue was revised at a later date, we have used the latest available revision. Intel integrated its Accelerated Computing Systems & Graphics (AXG) group into its Data Center Group in 2023. We have included revenue from the AXG group in the Data Center revenue for quarters prior to 2023 except for Q1 and Q2 2022, where revised Data Center revenue was provided by Intel.
Nvidia’s Data Center revenue has quadrupled over the last two years, and it’s estimated to have more than 70% of the market share for AI chips.
The company achieved dominance by recognizing the AI trend early, becoming a one-stop shop offering chips, software, and access to specialized computers. After hitting a $1 trillion market cap earlier in 2023, the stock continues to soar.
Competition Between Nvidia vs. AMD vs. Intel
If we compare Nvidia vs. AMD, the latter company has seen slower growth and less revenue. Its MI250 chip was found to be 80% as fast as Nvidia’s A100 chip.
However, AMD has recently put a focus on AI, announcing a new MI300X chip with 192GB of memory compared to the 141GB that Nvidia’s new GH200 offers. More memory reduces the amount of GPUs needed, and could make AMD a stronger contender in the space.
In contrast, Intel has seen yearly revenue declines and has virtually no market share in AI chips. The company is better known for making traditional CPUs, and its foray into the AI space has been fraught with issues. Its Sapphire Rapids processor faced years of delays due to a complex design and numerous glitches.
Going forward, all three companies have indicated they plan to increase their AI offerings. It’s not hard to see why: ChatGPT reportedly runs on 10,000 Nvidia A100 chips, which would carry a total price tag of around $100 million dollars.
As more AI models are developed, the infrastructure that powers them will be a huge revenue opportunity.
Technology
All of the Grants Given by the U.S. CHIPS Act
Intel, TSMC, and more have received billions in subsidies from the U.S. CHIPS Act in 2024.
All of the Grants Given by the U.S. CHIPS Act
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
This visualization shows which companies are receiving grants from the U.S. CHIPS Act, as of April 25, 2024. The CHIPS Act is a federal statute signed into law by President Joe Biden that authorizes $280 billion in new funding to boost domestic research and manufacturing of semiconductors.
The grant amounts visualized in this graphic are intended to accelerate the production of semiconductor fabrication plants (fabs) across the United States.
Data and Company Highlights
The figures we used to create this graphic were collected from a variety of public news sources. The Semiconductor Industry Association (SIA) also maintains a tracker for CHIPS Act recipients, though at the time of writing it does not have the latest details for Micron.
| Company | Federal Grant Amount | Anticipated Investment From Company |
|---|---|---|
| 🇺🇸 Intel | $8,500,000,000 | $100,000,000,000 |
| 🇹🇼 TSMC | $6,600,000,000 | $65,000,000,000 |
| 🇰🇷 Samsung | $6,400,000,000 | $45,000,000,000 |
| 🇺🇸 Micron | $6,100,000,000 | $50,000,000,000 |
| 🇺🇸 GlobalFoundries | $1,500,000,000 | $12,000,000,000 |
| 🇺🇸 Microchip | $162,000,000 | N/A |
| 🇬🇧 BAE Systems | $35,000,000 | N/A |
BAE Systems was not included in the graphic due to size limitations
Intel’s Massive Plans
Intel is receiving the largest share of the pie, with $8.5 billion in grants (plus an additional $11 billion in government loans). This grant accounts for 22% of the CHIPS Act’s total subsidies for chip production.
From Intel’s side, the company is expected to invest $100 billion to construct new fabs in Arizona and Ohio, while modernizing and/or expanding existing fabs in Oregon and New Mexico. Intel could also claim another $25 billion in credits through the U.S. Treasury Department’s Investment Tax Credit.
TSMC Expands its U.S. Presence
TSMC, the world’s largest semiconductor foundry company, is receiving a hefty $6.6 billion to construct a new chip plant with three fabs in Arizona. The Taiwanese chipmaker is expected to invest $65 billion into the project.
The plant’s first fab will be up and running in the first half of 2025, leveraging 4 nm (nanometer) technology. According to TrendForce, the other fabs will produce chips on more advanced 3 nm and 2 nm processes.
The Latest Grant Goes to Micron
Micron, the only U.S.-based manufacturer of memory chips, is set to receive $6.1 billion in grants to support its plans of investing $50 billion through 2030. This investment will be used to construct new fabs in Idaho and New York.
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