India, May 9 -- In 2023, the combined revenue of the world's top 10 IC design houses had reached approximately $167.6 billion, marking a 12% annual increase. This growth was primarily driven by NVIDIA, which saw a remarkable 105% increase in revenue, significantly boosting the overall industry. While Broadcom, Will Semiconductor, and MPS, experienced only marginal revenue growth, other companies faced declines due to economic downturns and inventory reductions, says TrendForce.

Looking ahead to 2024, TrendForce predicts that with IC inventory levels returning to healthy standards and driven by the AI boom, major CSPs will continue to expand the construction of LLMs. Additionally, AI applications are expected to penetrate personal devices...