NVDA
Nvidia
$5.55Tn
230.36
+0.84%
+34.20%
NVIDIA designs integrated circuits including GPUs (Hopper, Blackwell), CPUs (Grace), and DPUs. It operates a fabless model, selling these designed chips to cloud providers, OEMs, and enterprises.
TSM
Taiwan Semiconductor Manufacturing
$2.22Tn
428.52
+2.76%
+85.19%
The company is a dedicated semiconductor foundry that earns revenue primarily from semiconductor wafer fabrication services. It operates physical manufacturing facilities in Taiwan, the US, China, Japan, and Germany to produce integrated circuits for customers.
AVGO
Broadcom
$1.70Tn
357.89
+0.20%
+18.35%
Broadcom designs a vast array of integrated circuits, including Ethernet switching and routing silicon, RF front-end modules for smartphones, and custom ASICs/XPUs for AI and high-performance computing. The company operates a fabless-style design model for these semiconductor solutions, selling them to OEMs and hyperscalers.
MU
Micron Technology
$1.15Tn
1,016.59
+6.10%
+756.29%
Micron owns and operates its own wafer fabrication facilities across Asia, the US, and Europe to manufacture DRAM, NAND, and NOR products. The profile explicitly mentions its operations span wafer fabrication and its competitive advantage includes its global manufacturing footprint.
AMD
Advanced Micro Devices
$779.39Bn
477.57
+4.69%
+194.56%
AMD designs a broad portfolio of integrated circuits, including EPYC server processors, Ryzen CPUs, Radeon GPUs, and Instinct AI accelerators. The company operates a fabless model, selling these designed chips and licensing its IP portfolio to customers.
LRCX
Lam Research
$384.96Bn
307.65
+5.12%
+214.76%
Lam Research designs and manufactures capital equipment used to fabricate semiconductors, specifically systems for deposition, etch, and cleaning processes. Its revenue is derived from the sale of these tools (e.g., SABRE, Flex, and Coronus families) and related aftermarket services to semiconductor manufacturers.
AMAT
Applied Materials
$360.86Bn
454.71
+4.31%
+191.01%
Applied Materials designs, develops, and manufactures wafer fabrication tools used for patterning, transistor and interconnect formation, and metrology. These are capital equipment tools sold to semiconductor foundries and memory producers.
ARM
Arm Holdings
$267.47Bn
252.09
+3.92%
+86.07%
Arm designs microprocessors, GPUs, and systems IP which it licenses to semiconductor companies and OEMs. Its revenue model is based on upfront license fees and ongoing royalties per chip shipped, fitting the fabless/IP licensing model described in T-01.
SNDK
2nd
Sandisk
$254.04Bn
1,740.00
+11.90%
+2,684.00%
The company is a manufacturer of NAND flash technology and sells wafers and components to partners, indicating it operates physical wafer fabrication infrastructure.
KLAC
Kla
$242.58Bn
185.60
+7.32%
+112.53%
KLA Corporation manufactures capital equipment used in semiconductor fabrication, specifically inspection, metrology, vacuum deposition, and etching tools. Its primary revenue is generated from the sale of these process control and process enabling tools to semiconductor manufacturers like TSMC and Samsung.
MRVL
Marvell Technology
$196.03Bn
223.55
+7.05%
+258.77%
Marvell is a fabless semiconductor supplier that designs and sells integrated circuit products, including custom ASICs, ethernet solutions, and storage controllers. The profile explicitly states it is a 'fabless entity' that partners with external foundries for manufacturing, which aligns perfectly with the T-01 classification.
QCOM
Qualcomm
$178.36Bn
168.74
+0.10%
+7.29%
Qualcomm designs and sells integrated circuit products, specifically the Snapdragon and Qualcomm Dragonwing families, for use in mobile devices, automotive systems, and IoT equipment. It operates a fabless model, focusing on the design of high-performance low-power computing and wireless connectivity chips.
ADI
Analog Devices
$175.53Bn
362.25
+1.61%
+47.19%
Analog Devices designs and manufactures its own integrated circuits, including data converters, power management ICs, and RF components. The profile explicitly states the company 'designs, manufactures, tests and markets' these semiconductor solutions, indicating it operates its own fabrication capabilities.
SONY
2nd
Sony
$151.04Bn
24.56
-1.52%
-9.14%
The Imaging & Sensing Solutions segment operates through Sony Semiconductor Solutions and Sony Semiconductor Manufacturing Corporation to manufacture CMOS image sensors used in smartphones and automobiles.
ASX
ASE Technology Holding
$83.40Bn
37.51
+0.24%
+263.12%
The company is a leading provider of semiconductor packaging and testing services, which are the core of its ASE and SPIL Group segments. It specifically provides flip-chip, substrate packaging, wafer probing, and final testing to transform bare semiconductors into finished products.
CDNS
Cadence Design Systems
$80.61Bn
292.70
-4.00%
-15.73%
Cadence is a leader in electronic design automation (EDA), providing software and licensable semiconductor IP such as the Virtuoso custom-IC design suite and Tensilica DSPs. Its revenue model is based on software licenses, IP license fees, and maintenance contracts for tools used to design and verify integrated circuits.
SNPS
Synopsys
$75.46Bn
393.84
-5.40%
-34.57%
Synopsys is a global leader in electronic design automation (EDA) software and semiconductor intellectual property (IP), providing tools for IC design, verification, and manufacturing. Its revenue is primarily generated through the licensing of these EDA tools and semiconductor IP blocks.
MPWR
Monolithic Power Systems
$60.14Bn
1,223.86
+0.84%
+47.89%
Monolithic Power Systems is explicitly described as a fabless company that designs high-performance semiconductor-based power electronics, including DC to DC converters and power management ICs. It relies on third-party foundries for wafer fabrication, assembly, and testing, which fits the fabless model defined in T-01.
NXPI
NXP Semiconductors
$57.45Bn
227.84
+1.27%
-0.16%
NXP operates a hybrid manufacturing model that includes owning its own fabrication facilities in addition to using third-party foundries. The company leverages its own manufacturing expertise to produce microcontrollers, application processors, and radio frequency devices.
KEYS
2nd
Keysight Technologies
$55.70Bn
327.19
+1.44%
+97.91%
The company provides design automation and simulation software for electronic circuit design, EMI analysis, and power integrity verification, which are used by engineers to design and simulate semiconductor and electronic systems.
COHR
2nd
Coherent
$55.21Bn
281.92
+6.63%
+194.83%
The company manufactures and markets engineered materials used in communications, industrial, and electronics markets, which are consumed in the production of other technology products.
ALAB
Astera Labs
$53.85Bn
310.40
+9.75%
+75.75%
Astera Labs designs semiconductor-based connectivity solutions, specifically integrated circuits (ICs) such as the Aries PCIe CXL Smart DSP Retimers and Leo CXL Memory Connectivity Controllers. The company operates as a fabless designer, selling these chips and modules to hyperscalers and AI accelerator vendors.
UMC
United Microelectronics
$52.24Bn
20.75
+4.53%
+212.03%
United Microelectronics Corporation is an independent semiconductor foundry that operates physical wafer fabrication facilities to manufacture integrated circuits. Its primary revenue is generated through the sale of wafers produced at its manufacturing facilities for fabless design companies and integrated device manufacturers.
STM
STMicroelectronics
$46.42Bn
52.23
+1.89%
+97.47%
STMicroelectronics is explicitly described as an integrated device manufacturer (IDM) that owns and operates its own manufacturing facilities to produce its semiconductor products. This model gives them full control over the semiconductor supply chain, including wafer fabrication, which aligns with the T-02 classification.
LYB
2nd
LyondellBasell Industries
$41.03Bn
63.52
-1.91%
+16.98%
The company's Technology segment earns revenue by licensing its proprietary polyolefin catalyst technology and process know-how to other producers worldwide.
MCHP
Microchip Technology
$40.27Bn
74.17
+1.45%
+15.12%
Microchip Technology is an integrated device manufacturer that develops and manufactures its own silicon, including mixed-signal microcontrollers, microprocessors, and analog products. The company explicitly provides manufacturing services such as wafer foundry and assembly and test subcontracting, indicating it owns and operates fabrication infrastructure.
CRDO
Credo Technology Group Holding
$32.03Bn
170.57
+3.90%
+36.71%
Credo designs and markets integrated circuits, SerDes chiplets, and semiconductor intellectual property based on its proprietary serializer deserializer and digital signal processor technologies. The company operates as a fabless designer, selling these chips and licensing IP to customers like hyperscale data center operators and cloud infrastructure providers.
ON
On Semiconductor
$28.96Bn
74.38
+0.99%
+54.76%
On Semiconductor is an integrated device manufacturer that owns and operates its own fabrication plants, specifically citing a 'vertically integrated SiC manufacturing strategy' and 'leading edge fabrication technologies' to produce its power and sensing chips.
Q
2nd
Qnity Electronics
$25.20Bn
120.45
+1.65%
—
The company provides critical consumables used in chip fabrication, specifically CMP slurries, CMP pads, and lithographic materials. These products are consumed during the wafer processing stage and are sold to semiconductor device manufacturers and foundries.
GFS
Globalfoundries
$25.13Bn
45.21
+1.53%
+35.64%
GlobalFoundries operates as a pure play semiconductor foundry, generating its primary revenue by producing integrated circuits and selling wafer fabrication services to fabless design companies and integrated device manufacturers.
TSEM
Tower Semiconductor
$25.02Bn
222.34
+7.85%
+253.09%
Tower Semiconductor is a pure play independent specialty foundry that generates revenue by manufacturing processed wafers for customers based on their design specifications. The company operates physical wafer fabrication facilities in Israel, the United States, Japan, and Italy.
ENTG
Entegris
$21.19Bn
138.74
+6.15%
+74.56%
Entegris sells materials consumed during wafer fabrication, specifically chemical vapor and atomic layer deposition precursors, chemical mechanical planarization (CMP) slurries and pads, and formulated etch and clean chemicals. These products are recurring consumables tied to wafer starts, which is the defining characteristic of the Semiconductor Materials industry.
MTSI
MACOM Technology Solutions Holdings
$20.54Bn
268.95
+3.46%
+106.61%
MACOM designs and manufactures high-performance semiconductor products and operates its own compound semiconductor fabrication facilities. The company's business model includes both the design and the physical manufacturing of integrated circuits, diodes, and amplifiers.
MKSI
Mks
$17.60Bn
260.31
+4.27%
+155.91%
MKS provides critical subsystems and instruments for semiconductor manufacturing, including vacuum technologies, power generation, and laser-based systems used in wafer fabrication. The company explicitly describes itself as a provider in the wafer fabrication equipment ecosystem, selling to semiconductor capital equipment manufacturers.
SITM
Sitime
$16.23Bn
612.09
+6.55%
+172.66%
SiTime designs silicon-based timing products, including oscillators and clock integrated circuits, using a fabless business model. The company focuses on the design and marketing of these chips while outsourcing the actual wafer fabrication to third-party foundries.
LSCC
Lattice Semiconductor
$15.90Bn
115.90
+2.00%
+75.69%
Lattice Semiconductor designs and sells field programmable gate array (FPGA) devices and related silicon enabling products. The company operates as a fabless designer, monetizing its programmable logic semiconductor products and licensing chip IP.
FN
2nd
Fabrinet
$14.59Bn
407.20
+3.08%
+12.44%
The company specializes in advanced optical packaging and the assembly of complex optical communication modules and sub-systems, which aligns with the back-end semiconductor packaging and assembly process.
SMTC
Semtech
$13.80Bn
147.88
+9.22%
+155.27%
Semtech designs, develops, and manufactures high-performance analog and mixed-signal semiconductors, as well as wireless semiconductors. The profile explicitly states the company 'manufactures' these products and operates a 'fab-lite manufacturing model,' indicating it owns some fabrication capabilities.
ONTO
Onto Innovation
$13.13Bn
267.86
+6.10%
+162.74%
Onto Innovation designs and manufactures capital equipment used in semiconductor fabrication, specifically metrology and inspection tools, macro defect inspection equipment, and lithography systems. These tools are sold to integrated circuit fabs and wafer producers to measure critical dimensions and device structures.
AMKR
Amkor Technology
$11.85Bn
47.77
+1.77%
+100.71%
Amkor is explicitly described as an outsourced semiconductor assembly and test (OSAT) service provider. Its revenue is derived from back-end processes including wafer bump, flip-chip, 2.5D/3D stacking, and final test services for semiconductor companies.
NVMI
Nova
$11.83Bn
372.10
+5.50%
+54.53%
Nova Ltd. designs and produces metrology hardware, including optical, x-ray, and SIMS tools, used by semiconductor manufacturers to monitor fabrication processes. These are capital equipment tools sold to chip makers to improve yield and process control.
SWKS
Skyworks Solutions
$11.14Bn
74.02
+3.52%
+0.63%
Skyworks is described as a 'developer manufacturer and provider' of analog and mixed signal semiconductor products, including radio frequency front end modules and power amplifiers. Unlike fabless designers, the company is identified as a manufacturer of these integrated circuits.
LFUS
2nd
Littelfuse
$10.64Bn
419.07
+1.17%
+64.66%
The company designs and sells semiconductor devices, specifically naming TVS diodes, MOSFETs, and IGBTs, which are integrated circuits used for power control and protection.
RMBS
Rambus
$9.27Bn
85.46
+1.33%
+16.00%
Rambus designs and sells memory interface chips, such as registering clock drivers and power management ICs, using a fabless model. It sells these chips to memory module makers, OEMs, and hyperscalers.
QRVO
Qorvo
$9.07Bn
102.84
+2.45%
+11.54%
Qorvo designs, develops, and manufactures its own semiconductor products, including radio frequency components and power management solutions. The profile explicitly states that the company 'manufactures and markets its products,' indicating it operates its own fabrication capabilities rather than following a purely fabless model.
IDCC
InterDigital
$8.72Bn
337.94
+0.60%
+18.67%
InterDigital designs foundational wireless and video technologies and licenses this intellectual property to manufacturers of smartphones, tablets, and IoT devices. Its revenue model is based on fixed-fee and variable royalty agreements for patented innovations, which aligns with the fabless/licensable chip architecture and IP model described in T-01.
SIMO
Silicon Motion Technology
$8.60Bn
256.21
+8.70%
+222.32%
Silicon Motion designs and markets NAND flash controllers, including SSD, eMMC, and UFS controllers, without owning its own fabrication plants. Its revenue is primarily derived from selling these designed integrated circuits to NAND flash manufacturers, module makers, and OEMs.
FORM
2nd
Formfactor
$8.12Bn
103.90
+7.38%
+265.20%
The company's probe cards and probe stations are capital equipment used within semiconductor fabrication plants (fabs) to test wafers during the manufacturing process. These tools are essential for optimizing device performance and improving yields in high-volume production.
SLAB
Silicon Laboratories
$7.36Bn
220.58
-0.06%
+68.34%
Silicon Laboratories is explicitly described as a fabless semiconductor firm that designs and sells wireless microcontrollers, system on chip (SoC) products, and mixed-signal integrated circuits. It does not own fabrication plants, fitting the fabless model described in T-01.
MBLY
2nd
Mobileye Global
$7.00Bn
8.56
+2.88%
-37.52%
The company designs its own proprietary EyeQ system on chips, which are sold as a primary revenue-generating product to OEMs and Tier 1 suppliers.
ALGM
Allegro Microsystems
$6.82Bn
36.61
+2.95%
+22.73%
Allegro Microsystems is a fabless designer and marketer of sensor integrated circuits and application-specific power integrated circuits. It sells these designed chips, such as Hall effect and tunnel magnetoresistance sensors, to automotive and industrial OEMs.
CAMT
Camtek
$6.68Bn
145.72
+4.91%
+86.34%
Camtek develops and manufactures high-end inspection and metrology equipment, such as the Eagle, Hawk, and MicroProf families, used in semiconductor fabrication. These systems are capital equipment used by semiconductor manufacturers to inspect integrated circuit features and measure wafer characteristics.
NPO
2nd
Enpro
$6.28Bn
296.55
+0.37%
+40.03%
Through its Advanced Surface Technologies segment, specifically LeanTeq and Technetics Semi, the company provides cleaning, coating, refurbishment, and wafer processing sub-systems for semiconductor equipment manufacturers like Applied Materials and ASML.
DLB
Dolby Laboratories
$5.84Bn
61.94
+0.03%
-14.91%
Dolby generates 93% of its revenue by licensing technology, brands, and patents, specifically audio codecs like DD+, AC-4, Dolby Atmos, and Dolby Vision, as well as essential patents for standards like HEVC and AVC. This matches the T-05 description of licensing chip architecture IP and collecting royalties on licensed processor architectures and IP blocks.
MXL
Maxlinear
$5.69Bn
62.74
+5.53%
+303.47%
MaxLinear is explicitly described as a fabless integrated circuit design company that designs communications systems-on-chip (SoCs). It generates revenue by selling these designed chips, such as 4G/5G base-station transceivers and broadband modems, to OEMs and ODMs without owning its own fabrication plants.
CRUS
Cirrus Logic
$5.67Bn
113.21
+0.07%
+0.04%
Cirrus Logic designs mixed-signal integrated circuits, including amplifiers, codecs, and power management ICs, and operates under a fabless model by using third-party foundries like TSMC and GlobalFoundries for wafer fabrication.
PI
Impinj
$5.27Bn
172.57
-1.45%
-11.26%
Impinj designs and sells silicon radios and integrated circuits, specifically endpoint ICs (M730, M750, M830, M850 series) and reader ICs, using a fabless model with TSMC for wafer fabrication.
RGTI
2nd
Rigetti Computing
$5.07Bn
15.20
+0.13%
+0.53%
The company operates its own in-house wafer fabrication facility, Fab-1, and provides foundry services to produce superconducting quantum chips for external customers.
ACMR
ACM Research
$4.81Bn
74.44
+7.23%
+175.91%
ACM Research manufactures capital equipment used in semiconductor fabrication, specifically specialized wet cleaning tools like the Tahoe system and ECP furnaces. Its revenue is derived from the sale and service of these processing tools to foundry, logic, and memory chip makers.
HIMX
Himax Technologies
$4.77Bn
13.68
+0.88%
+66.63%
Himax is explicitly described as a fabless semiconductor company that designs and markets integrated circuits (ICs), including display drivers, timing controllers, and touch controller ICs. It generates revenue by selling these designed chips to panel manufacturers and OEMs without owning its own fabrication plants.
VSH
2nd
Vishay Intertechnology
$4.49Bn
31.78
+4.37%
+112.29%
The company operates segments for MOSFETs and Diodes, which are integrated circuits (semiconductors). Because Vishay maintains an extensive global manufacturing footprint to produce these chips, it functions as an integrated device manufacturer.
KLIC
Kulicke & Soffa Industries
$4.27Bn
81.61
+3.54%
+124.39%
Kulicke & Soffa designs and manufactures capital equipment used in semiconductor assembly, specifically ball bonders, wedge bonders, and wafer level bonding equipment. These are high-value tools sold to integrated device manufacturers and OSAT providers for the fabrication and assembly of semiconductor devices.
DIOD
Diodes
$4.21Bn
91.79
+2.06%
+71.71%
Diodes Incorporated operates a hybrid manufacturing model that includes internal wafer fabrication facilities. The company designs and manufactures its own semiconductor products, including analog, power, and logic devices, making it an integrated device manufacturer.
AXTI
Axt
$4.04Bn
61.64
+9.68%
+1,982.43%
AXT produces and sells semiconductor substrates (wafers) made from indium phosphide, gallium arsenide, and germanium, which are consumables consumed in the chip fabrication process. These products, along with the company's raw materials, are sold to manufacturers that apply epitaxial layers to create finished semiconductors.
SYNA
Synaptics
$3.87Bn
98.99
+1.34%
+42.31%
Synaptics operates a fabless semiconductor model, designing custom silicon including the Astra AI processors and Veros wireless portfolio. It generates revenue primarily through the sale of these designed semiconductor solutions to OEMs.
OLED
Universal Display Corp \Pa\
$3.81Bn
82.33
-0.38%
-40.81%
Universal Display Corporation develops and sells proprietary OLED emitter and host materials, such as UniversalPHOLED, which are consumables used by device manufacturers in the production of OLED displays and lighting. This matches the description of supplying materials and consumables consumed in the fabrication of electronic components.
ACLS
Axcelis Technologies
$3.55Bn
115.08
+4.27%
+46.06%
Axcelis Technologies manufactures ion implantation equipment, which is a capital tool used in the fabrication of semiconductor chips. The company generates revenue from the sale of these systems and provides aftermarket support, including spare parts and equipment upgrades, to semiconductor manufacturers.
UCTT
Ultra Clean Holdings
$3.28Bn
72.43
+8.77%
+203.18%
The company designs and manufactures production tools, components, modules, and subsystems—specifically chemical, gas, and fluid delivery systems—for the semiconductor capital equipment market. These products are sold to semiconductor OEMs like Applied Materials and Lam Research, which are the primary buyers of fab capital equipment.
NVTS
Navitas Semiconductor
$3.08Bn
11.80
+6.31%
+105.93%
Navitas designs gallium nitride (GaN) power integrated circuits and silicon carbide (SiC) devices but operates as a fabless product design house. The company explicitly contracts the manufacturing of its chips and packaging to partner suppliers like GlobalFoundries and X-Fab.
ADEA
Adeia
$2.92Bn
26.50
+4.08%
+73.66%
Adeia creates and licenses semiconductor intellectual property, including fundamental technologies for hybrid bonding and advanced processing nodes, to customers like Micron, Samsung, and SK Hynix. Its revenue model is based on licensing fees for this semiconductor IP, which aligns directly with the T-05 description of licensing processor architectures and IP blocks.
BTDR
2nd
Bitdeer Technologies
$2.92Bn
12.38
+3.95%
-6.64%
Bitdeer designs and manufactures its own proprietary ASIC chips and SEALMINER mining rigs, which it sells to third-party customers, representing 17.5% of total revenue in 2025.
POWI
Power Integrations
$2.81Bn
50.45
-0.18%
+14.89%
Power Integrations designs and markets analog and mixed signal integrated circuits, including gate drivers and motor drivers, using proprietary silicon and gallium nitride technologies. The company operates as a fabless designer selling these chips to OEMs and power supply producers.
AEHR
Aehr Test Systems
$2.80Bn
86.26
+13.10%
+228.11%
Aehr Test Systems manufactures capital equipment used to test, burn-in, and stabilize semiconductors, specifically through its FOX-XP, FOX-NP, and FOX-CP platforms. These systems are sold as hardware tools to semiconductor manufacturers and contract assemblers to ensure the reliability of chips like silicon carbide and gallium nitride.
AMBA
Ambarella
$2.78Bn
62.89
-0.77%
-22.54%
Ambarella designs low-power system-on-a-chip (SoC) semiconductors, including AI inference SoCs and the proprietary CVflow deep learning neural network processor. The company operates as a fabless designer, selling these chips to original design manufacturers (ODMs) and original equipment manufacturers (OEMs).
VECO
Veeco Instruments
$2.73Bn
44.67
+4.98%
+89.36%
Veeco designs and manufactures capital equipment used to fabricate semiconductors, specifically laser annealing, ion beam deposition, and MOCVD systems. Its revenue is derived from the sale of these tools, as well as parts and upgrades for its installed base of equipment.
COHU
Cohu
$2.55Bn
50.72
+10.31%
+163.48%
Cohu manufactures capital equipment used in semiconductor fabrication and testing, specifically test automation systems, inspection and metrology tools, and automated test equipment for RF and power management. These products are sold to integrated device manufacturers and OSAT providers to optimize manufacturing yield and productivity.
IMOS
Chipmos Technologies
$2.02Bn
57.61
+2.18%
+240.89%
ChipMOS is an independent provider of semiconductor assembly and testing services, which is the definition of an OSAT (Outsourced Semiconductor Assembly and Test) provider. The company's revenue is derived from back-end processes including wafer probing, final testing, and various packaging formats like BGA, QFN, and WLCSP.
PDFS
Pdf Solutions
$1.91Bn
45.65
+5.04%
+137.76%
PDF Solutions provides software licenses and SaaS platforms for semiconductor data management, process control, and analytics, which are essential tools for chip designers and manufacturers. Its revenue model includes software licenses and maintenance for platforms that enable advanced analytics and AI across the semiconductor ecosystem.
QUBT
2nd
Quantum Computing
$1.81Bn
8.01
+0.63%
-44.95%
QCi is building a dedicated thin-film lithium niobate (TFLN) chip fabrication facility to produce custom optical chips for both internal use and external commercial sale.
BFLY
2nd
Butterfly Network
$1.75Bn
7.36
+0.96%
+390.67%
Through its Butterfly Embedded program, the company licenses its proprietary Ultrasound-on-Chip semiconductor technology to third parties for co-development, receiving license payments and milestone fees.
PLAB
Photronics
$1.69Bn
29.13
+3.37%
+33.50%
Photronics manufactures photomasks, which are described as high precision quartz or glass plates used as masters to transfer circuit patterns onto semiconductor wafers. These photomasks are consumables consumed in the chip fabrication process, fitting the description of semiconductor materials and packaging substrates.
SKYT
SkyWater Technology
$1.56Bn
32.46
+0.00%
+265.95%
SkyWater is described as a 'pure-play semiconductor foundry' that operates wafer fabrication facilities in Minnesota and Texas. It generates revenue through 'Wafer Services (WS)' providing production manufacturing for established and customer-specific technologies.
AMBQ
Ambiq Micro
$1.38Bn
57.35
+1.77%
+49.35%
Ambiq Micro designs ultra-low power semiconductor solutions, specifically systems on chip (SoCs) like the Apollo and Atomiq families. The company operates as a fabless designer focusing on subthreshold power optimized technology for edge AI and general compute.
WOLF
Wolfspeed
$1.11Bn
28.37
+5.86%
—
Wolfspeed owns and operates its own manufacturing sites in North Carolina, New York, and Arkansas to fabricate silicon carbide wafers and power devices. The company is an integrated device manufacturer that produces its own silicon carbide Schottky diodes and MOSFETs.
LWLG
2nd
Lightwave Logic
$824.79Mn
5.35
+4.49%
+70.93%
The company generates revenue through intellectual property licensing of its polymer compositions and device designs, as well as providing process design kit enablement to chip designers. This business model involves collecting upfront license fees and royalties on the production of devices incorporating its licensed technology.
INDI
indie Semiconductor
$772.22Mn
3.60
+3.75%
-16.47%
indie Semiconductor designs analog, digital, and mixed-signal integrated circuits for automotive applications, including ADAS and electrification. The company generates revenue by selling these semiconductor integrated circuits to Tier 1 automotive suppliers like Aptiv.
AOSL
Alpha & Omega Semiconductor
$762.38Mn
25.20
+3.07%
-9.84%
Alpha and Omega Semiconductor operates in-house wafer fabrication and packaging capabilities to produce its power semiconductors. Because it owns and operates its own fabrication infrastructure to manufacture MOSFETs, IGBTs, and power ICs, it is classified as a semiconductor manufacturer.
CEVA
Ceva
$758.32Mn
26.95
+1.93%
+23.79%
Ceva designs and licenses semiconductor intellectual property (IP) platforms, processors, and software, earning revenue through upfront licensing fees and ongoing royalties. Its core business is providing licensable chip architecture IP, such as wireless connectivity IP and AI inference NPUs, rather than manufacturing physical chips.
POET
Poet Technologies
$737.80Mn
7.92
+8.05%
+50.71%
POET Technologies designs photonic integrated packaging solutions and optical engines, such as 400G and 800G FR4 units, using a fab-light model that relies on third-party foundries. The company generates revenue from selling these designed chips/engines and licensing its proprietary Optical Interposer technology.
SQNS
Sequans Communications
$600.65Mn
2.77
-0.72%
-67.41%
Sequans is a fabless designer of cellular semiconductor solutions, specifically creating baseband processors, radio frequency transceivers, and integrated system on chip (SoC) products. Its revenue is primarily generated from the sale of these cellular semiconductor chips and modules to OEMs and ODMs.
SLDP
2nd
Solid Power
$572.59Mn
2.52
+1.61%
-35.88%
The company's electrolyte materials are specialty process chemicals consumed in the fabrication of advanced battery cells. These materials are sold as essential consumables to battery manufacturers to enable the production of solid-state cells.
NVEC
2nd
Nve
$485.65Mn
100.40
+1.87%
+58.36%
The company designs and produces MRAM (magnetic random-access memory) devices, which are integrated circuits used for non-volatile memory in industrial and defense applications.
BTQ
2nd
BTQ Technologies
$425.41Mn
3.03
+1.68%
+1.34%
The company designs the QCIM (quantum compute in memory) chip and expects future revenue from hardware sales of this chip, utilizing a fabless model through a partnership with ICTK for fabrication.
MRAM
Everspin Technologies
$397.32Mn
16.37
+3.28%
+155.78%
Everspin designs and sells specialized memory products, specifically Toggle MRAM and spin-transfer torque (STT) MRAM, and earns revenue from licensing its MRAM intellectual property. The company operates as a provider of integrated circuit designs and IP blocks for non-volatile memory.
ASYS
Amtech Systems
$261.75Mn
14.95
+4.04%
+133.23%
Amtech Systems manufactures capital equipment for semiconductor fabrication and packaging, specifically conveyorized reflow equipment, high temperature conveyorized furnaces, and diffusion furnaces. These tools are sold to device fabrication and packaging companies to produce GPUs for AI and power devices.
IMMR
Immersion
$255.40Mn
7.71
+1.98%
+9.99%
Immersion licenses its patented haptic technology and related software to OEMs like Sony, Samsung, and Microsoft, which is a model of licensing semiconductor/electronic IP. The company's revenue is derived from technology and patent licenses that enable customers to integrate haptic feedback into their own branded products.
CAN
Canaan
$240.36Mn
0.36
-7.69%
-47.34%
Canaan designs proprietary ASICs for Bitcoin mining and operates under a fabless model, leveraging its chip design expertise to create the AvalonMiner brand. The company's core competitive advantage is based on its ASIC chip design and patent portfolio.
ALMU
2nd
Aeluma
$234.39Mn
12.94
+0.86%
-25.76%
The company designs novel optoelectronic devices using compound semiconductor materials on large diameter substrates to create high-performance chips. It sells these chips and engineering samples to customers for research and development.
BGIN
Bgin Blockchain
$228.53Mn
2.02
-0.49%
—
The company designs and manufactures cryptocurrency mining machines equipped with proprietary ASIC chips under the ICERIVER brand. This activity centers on the design of specialized silicon for AI/crypto acceleration, which is the core of their hardware sales segment.
SVCO
Silvaco
$220.28Mn
6.54
+2.51%
+22.70%
Silvaco provides electronic data automation (EDA) software and technology computer aided design (TCAD) tools used by engineers to simulate and optimize semiconductor manufacturing. Its revenue is generated through the licensing and sale of these software solutions, as well as semiconductor intellectual property (SIP) such as hard and soft IP for system-on-chip designs.
GSIT
Gsi Technology
$205.29Mn
5.35
+0.38%
+83.85%
GSI Technology operates a fabless model designing and selling integrated circuits, specifically associative processing units (Gemini I and Gemini II chips) and high-speed synchronous SRAM products. The company also generates revenue by licensing its APU intellectual property to third parties for integration into their own semiconductor designs.
QUIK
Quicklogic
$197.08Mn
10.76
+1.41%
+119.14%
QuickLogic is a fabless semiconductor company that designs and sells discrete FPGA devices, such as the EOS S3 and PolarPro families. It also licenses eFPGA intellectual property (IP) to other semiconductor firms for integration into ASICs and SoCs.
VLN
Valens Semiconductor
$176.22Mn
1.71
+3.01%
-10.94%
Valens is a fabless semiconductor company that designs and sells high-performance connectivity chipsets, such as the VS100, VS2000, and VA7000 series. It does not own fabrication plants and generates revenue from selling these designed chips to OEMs and tier 1 suppliers.
GCTS
GCT Semiconductor Holding
$162.78Mn
1.77
+1.14%
+37.21%
GCT Semiconductor is a fabless semiconductor company that designs and sells RF and modem chipsets for 4G LTE and 5G NR technologies. It generates revenue from selling these designed chips to ODMs and OEMs without owning its own fabrication plants.
ATOM
Atomera
$157.66Mn
4.04
+2.54%
+30.32%
Atomera's core business is licensing its proprietary Mears Silicon Technology (MST) and providing MSTcad software for simulation, which fits the description of licensable semiconductor IP and design tools. The company generates revenue through upfront license fees and royalties from semiconductor designers and manufacturers without owning fabrication plants.
SHMD
2nd
Schmid
$135.65Mn
3.15
+1.61%
+30.71%
The company provides specialized capital equipment used in semiconductor fabrication and advanced packaging, including CMP (chemical mechanical polishing) and PlasmaLine for plasma etching and sputtering, serving semiconductor OEMs.
MX
Magnachip Semiconductor
$112.82Mn
3.09
+1.31%
+4.04%
Magnachip designs and manufactures its own analog and mixed signal power semiconductor solutions, including MOSFETs and IGBTs. The profile explicitly mentions its 'extensive engineering and manufacturing expertise' and 'efficient manufacturing operations,' indicating it operates its own fabrication capabilities.
NA
Nano Labs
$103.24Mn
2.24
+0.00%
-56.76%
Nano Labs designs proprietary integrated circuits, specifically the Cuckoo series ASICs and Darkbird HPC chips, which are sold as the core components of its mining hardware. The company's competitive advantage is explicitly tied to its proprietary Nano FPU architecture.
PALX
Palomino Laboratories
$95.63Mn
14.25
+1.71%
—
Palomino Laboratories designs gallium nitride microLED-based optical transceiver devices and chip designs using a fabless business model. The company generates revenue from the licensing and sale of these proprietary semiconductor designs while outsourcing manufacturing to third-party foundries.
MLGO
MicroAlgo
$93.98Mn
4.02
+0.00%
-52.71%
MicroAlgo designs integrated circuit layout designs and provides optimized chip hardware and accompanying software to electronics manufacturers. Its core activity in the intelligent chip business involves designing algorithms to accelerate computing power and reduce power consumption for silicon-based hardware.
ARBE
Arbe Robotics
$78.50Mn
0.64
+3.23%
-48.80%
Arbe Robotics designs and sells a radar chipset, which is an integrated circuit, to Tier 1 automotive suppliers like Magna Electronics LLC and Hirain. The company operates as a semiconductor designer competing with other chip companies like Texas Instruments and NXP.
WKEY
2nd
Wisekey International Holding
$73.24Mn
6.51
-1.06%
+25.19%
Through its SEALSQ division, the company operates a fabless model to design and sell secure microcontrollers and post-quantum chips, competing with firms like NXP and STMicroelectronics.
LAES
Sealsq
$70.78Mn
2.42
+0.83%
-5.10%
SEALSQ is a fabless semiconductor firm that designs secure microcontrollers, such as the QS7001 and VaultIC secure elements, and custom ASICs. Secure chips represent the largest portion of its revenue at 78%.
SODI
Solitron Devices
$69.49Mn
32.28
-0.06%
+80.34%
Solitron Devices owns and operates its own manufacturing facilities in West Palm Beach and Apopka, Florida, to produce semiconductor components. The company manufactures bipolar and MOS power transistors, MOSFETs, and JFETs, and sells unfinished silicon wafers and dice, fitting the profile of an integrated device manufacturer.
GSTX
2nd
Graphene & Solar Technologies
$66.59Mn
0.09
+12.50%
—
The company produces and sells silicon polysilicon and silicon wafers, which are consumables and substrates used directly in semiconductor fabrication plants for integrated circuits.
BZAI
Blaize Holdings
$65.68Mn
0.46
-8.00%
-85.26%
Blaize designs the GSP processor, which is a programmable AI computing accelerator for data parallel workloads. The company generates revenue from selling these designed chips via PCIe compute cards and other hardware forms.
ICG
Intchains
$60.71Mn
1.00
+0.00%
-42.86%
Intchains designs proprietary ASIC chips for altcoin mining and sells integrated mining machines under the Goldshell brand using a fabless model. This activity centers on designing silicon for blockchain algorithms without owning fabrication plants.
WATT
2nd
Energous
$59.31Mn
10.73
+0.75%
+49.44%
The company designs advanced semiconductor chipsets and chipset architectures for its wireless power network, earning revenue from the sale of these receiver integrated circuits.
CVV
2nd
Cvd Equipment
$45.58Mn
6.57
+1.55%
+126.55%
The company manufactures capital equipment used specifically for semiconductor fabrication, including CVD and PVT systems for silicon carbide and gallium nitride high power electronics.
PXLW
Pixelworks
$43.25Mn
7.15
+2.29%
-12.11%
Pixelworks primarily generates revenue from the sale of integrated circuit products, specifically high-performance and power-efficient visual processing semiconductors. These chips are sold to OEMs for use in smartphones, tablets, and projectors, following a fabless semiconductor design model.
GUER
Guerrilla RF
$41.72Mn
3.90
+0.00%
+254.55%
Guerrilla RF is explicitly described as a fabless semiconductor company that designs and markets RF monolithic microwave integrated circuit (MMIC) products. It generates revenue from selling designed chips such as low-noise amplifiers and power amplifiers without owning its own fabrication plants.
NTIP
Network-1 Technologies
$36.35Mn
1.59
+2.58%
-16.32%
Network-1 Technologies operates as an intellectual property development and licensing company, generating revenue through licensing agreements and royalties for its patent portfolios. Specifically, it licenses processor-related and interface IP such as embedded SIM (eSIM) technology for IoT devices and high-frequency trading latency solutions.
WIMI
2nd
WiMi Hologram Cloud
$22.25Mn
1.21
-4.72%
-69.05%
The company has a dedicated semiconductor business segment that sells computer chip products and central processing algorithm services to electronic product manufacturers and infrastructure providers.
QCLS
Q
$14.66Mn
1.79
-4.79%
-48.56%
The company develops and commercializes Laser Processing Units (LPUs), such as the qc LPU100, which are specialized hardware for blockchain and AI high-performance computing. It competes directly with semiconductor firms producing CPUs, GPUs, and AI hardware, selling these designed chips and computing capacity.
EBON
Ebang International Holdings
$14.57Mn
2.32
+5.45%
-43.41%
The company designs its own ASIC chips (ranging from 14nm to 5nm nodes) to power its bitcoin mining machines, positioning itself as a niche player leveraging deep expertise in ASIC chip design.
AQMS
2nd
Aqua Metals
$10.63Mn
3.00
+3.81%
-20.84%
The company intends to earn income from licensing its proprietary AquaRefining technology, which is a specialized process for producing the high-purity materials and chemicals consumed in semiconductor and battery fabrication.
SLAIY
2nd
Solai
$10.27Mn
0.55
+0.00%
-96.99%
Through its subsidiary Bee Computing, the company designs and manufactures ASIC-based mining machines and chips for external customers.
PRSO
Peraso
$7.97Mn
0.53
+0.00%
-35.21%
Peraso is a fabless semiconductor company that designs and sells mmWave integrated circuits, including baseband ICs and radio frequency ICs, without owning its own fabrication plants. Its revenue is derived from selling these designed chips and antenna modules to OEMs and wireless internet service providers.
AGMH
Agm Group Holdings
$3.30Mn
0.88
-1.12%
-52.94%
The company designs and manufactures ASIC-based cryptocurrency mining hardware, specifically the KOI MINER C16, which is a primary revenue driver. This activity involves designing integrated circuits for AI/crypto acceleration, fitting the Semiconductor Design profile.
MTLK
Metalink
$2.64Mn
0.21
+0.00%
-27.59%
Metalink is described as a fabless semiconductor company that designed and sold digital subscriber line (DSL) chipsets. It relied on third-party contractors in Taiwan for wafer fabrication, which is the defining characteristic of the fabless model in T-01.
SMTK
2nd
SmartKem
$675.62K
2.34
-1.68%
+101.72%
The company supplies materials consumed in the fabrication of semiconductors, specifically organic semiconductor materials for advanced packaging and display applications, sold to electronics manufacturers like Chip Foundation and AUO.
