IC Insights, a research firm, today forecast the 2004 ranking of the top 10 semiconductor suppliers, with Intel leading the way, surpassing $30 billion in semiconductor sales. However, the company is expected to register only 11% growth this year, and a 3.4% CAGR over the 1999-2004 timeframe, compared to an industry-wide 6.9% average.

Number two is Samsung, followed by Texas Instruments, Renesas and Infineon.

Driven by surging DRAM and flash memory sales, Samsung's semiconductor revenue (85% of which is memory) is forecast to grow 53% in 2004. Infineon is forecast to jump from seventh in 2003 to fifth in 2004, aided by the strength of the euro. In euros, Infineon is expected to register a 24% growth rate (35% when its sales are converted into U.S. dollars).

The rest of the top 10 include Toshiba, STM, TSMC, NEC and Freescale. Excluding TSMC, which is a pure-play foundry, Philips would come in at no. 10.

The top 10 semiconductor companies revenues are forecast to grow 24% over 2003. In contrast, the worldwide market is forecast to grow 28%. Of the top 10, including TSMC, only four are forecast to grow faster than the total market in 2004. Excluding TSMC, only three top 10 companies are expected to increase their 2004 sales faster than the overall market growth rate.