Technology
Charted: The Largest Pure Play Cloud Computing Companies
The Largest Pure Play Cloud Computing Companies
The global cloud computing market size was valued at $569 billion in 2022 and is projected to grow to $2.4 trillion by 2030.
This graphic lists the largest pure play cloud computing companies by market cap and annual return, based on data as of November 30, 2023 from Syntax.
A pure play company concentrates all its efforts on a single line of business, and in this context, it’s cloud computing. Notably, tech giants like Google, Microsoft Corporation, and Amazon are excluded from our list due to their diversified business focuses.
Photo Storage to Streaming
Cloud computing is the technique of processing, storing, and managing data on a network of remote computers hosted on the internet rather than on a personal computer or local server.
It is used by regular people for storing photos or documents and even for watching movies or listening to music on platforms like Netflix or Spotify. It is also essential for companies to store information.
While all the companies listed here provide direct exposure to the market, each has a unique business model and target.
| Company | Stock Ticker | Market Cap ($B) | 1-Yr Annual Return (%) |
|---|---|---|---|
| Equinix | EQIX | $76B | 20.5% |
| Arista Networks | ANET | $68B | 64.0% |
| Digital Realty Trust | DLR | $42B | 27.1% |
| Datadog | DDOG | $35B | 61.9% |
| Verisign | VRSN | $22B | 8.6% |
| Pure Storage | PSTG | $12B | 28.8% |
| Dropbox | DBX | $7B | 24.6% |
| Box | BOX | $4B | -4.6% |
At the top of the list is Equinix, headquartered in California, which specializes in internet connections and data centers. The company is a leader in the global colocation data center market share, with 248 data centers in 31 countries. It also boasts the largest global cloud ecosystem in the market.
Following Equinix is another Silicon Valley company, Arista Networks, which designs and sells multilayer network switches for use in large-scale data centers, competing with companies such as Cisco Systems and Hewlett Packard Enterprise.
Despite not being widely known among the general audience, pure play cloud computing companies can also be good investment options, with most of their stocks demonstrating solid double-digit annual returns.
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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