Q2 was the first time the chip industry had a consecutive quarterly revenue growth since 2021.
Q2 was the first time the chip industry had a consecutive quarterly revenue growth since 2021.
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GenAI drove the chip industry’s first quarterly revenue increase since 2021

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

After five straight quarters with declining revenue, the semiconductor industry reversed course and increased revenue in the second quarter, according to a report by market researcher Omdia.

The company’s Competitive Landscape Tracker said quarterly revenue grew 3.8% to $124.3 billion Q2. This growth is in line with historical patterns for the total semiconductor market, with the second quarter revenue increasing on average of 3.4% from the first quarter (using data from 2002 through 2022).

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.