Power Law outcomes
Semiconductors unicorns
Dealroom tracks 87 unicorns in Semiconductors — companies that reached a verified $1B+ valuation — worth $9.8T combined, plus 22 thoroughbreds generating $100M+ in annual revenue. Updated July 2026.
87Unicorns ($1B+ valuation)
19Valued at $10B or more
22Thoroughbreds ($100M+ revenue)
$9.8TCombined unicorn valuation
Every Semiconductors unicorn
All 87 companies in Semiconductors that reached a verified $1B+ valuation, ranked by latest valuation. Click a company for its full Dealroom profile.
| # | Company | HQ city | Country | Founded | Valuation | Status |
|---|---|---|---|---|---|---|
| 1 | Nvidia | Santa Clara | United States | 1993 | $5T | IPO 1999 |
| 2 | Broadcom | Palo Alto | United States | 2005 | $2T | IPO 2009 |
| 3 | TSMC | Hsinchu County | Taiwan | 1987 | $1.6T | IPO 1994 |
| 4 | ASML | Veldhoven | Netherlands | 1984 | $499B | IPO 1995 |
| 5 | ARM | Cambridge | United Kingdom | 1990 | $211B | IPO 1998 |
| 6 | SMIC | Pudong | China | 2000 | $81B | IPO 2004 |
| 7 | Moore Threads | Dongcheng District | China | 2020 | $44B | IPO 2025 |
| 8 | Astera Labs | Santa Clara | United States | 2017 | $33B | IPO 2024 |
| 9 | Credo | San Jose | United States | 2008 | $31B | IPO 2022 |
| 10 | Wiwynn | New Taipei | Taiwan | 2012 | $26B | Private |
| 11 | Cerebras Systems | Sunnyvale | United States | 2015 | $23B | Private |
| 12 | Tower Semiconductor | Migdal HaEmek | Israel | 1993 | $22B | IPO 1994 |
| 13 | ChangXin Memory Technologies | Hefei | China | 2016 | $21B | Private |
| 14 | BE Semiconductor Industries | Duiven | Netherlands | 1995 | $21B | IPO 1995 |
| 15 | Groq | Mountain View | United States | 2016 | $20B | Private |
| 16 | VeriSilicon Holdings | Pudong | China | 2002 | $17B | IPO 2020 |
| 17 | Nova | Rehovot | Israel | 1993 | $12B | IPO 2000 |
| 18 | Technoprobe | Cernusco Lombardone | Italy | 1993 | $12B | IPO 2022 |
| 19 | FormFactor | Livermore | United States | 1995 | $9.7B | IPO 2003 |
| 20 | Loongson Technology | Dongcheng District | China | 2001 | $8.5B | IPO 2022 |
| 21 | PsiQuantum | Palo Alto | United States | 2016 | $7B | Private |
| 22 | Silan | Hangzhou | China | 1997 | $6.9B | IPO 2003 |
| 23 | Silicon Laboratories | Austin | United States | 1996 | $6.7B | IPO 2000 |
| 24 | Ampere Computing | Santa Clara | United States | 2017 | $6.5B | Private |
| 25 | SmartSens | Xuhui District | China | 2011 | $5.2B | IPO 2022 |
| 26 | Etched | San Jose | United States | 2022 | $5B | Private |
| 27 | Rigetti Computing | Berkeley | United States | 2013 | $4.9B | Private |
| 28 | Iluvatar CoreX | Pudong | China | 2015 | $4.8B | IPO 2026 |
| 29 | ASR Microelectronics | Huangpu | China | 2015 | $4.8B | Private |
| 30 | Chipone Technology | Dongcheng District | China | 2008 | $4.7B | Private |
| 31 | Ecovacs | Glendale | United States | 1998 | $4.5B | IPO 2018 |
| 32 | Unconventional AI | San Diego | United States | 2025 | $4.5B | Private |
| 33 | Lightmatter | Boston | United States | 2017 | $4.4B | Private |
| 34 | IPG Photonics | Oxford | United States | 1990 | $4.3B | IPO 2006 |
| 35 | SJ Semi | Wuxi | China | 2014 | $4.2B | IPO 2026 |
| 36 | Ricursive Intelligence | Palo Alto | United States | 2025 | $4B | Private |
| 37 | Novosense Microelectronics | Suzhou Shi | China | 2013 | $3.8B | IPO 2025 |
| 38 | SiFive | San Mateo | United States | 2015 | $3.6B | Private |
| 39 | Espressif | Huangpu | China | 2008 | $3.6B | IPO 2019 |
| 40 | Xanadu | Toronto | Canada | 2016 | $3.6B | Private |
| 41 | HC SemiTek | Wuhan | China | 2005 | $3.2B | IPO 2012 |
| 42 | INFICON | Bad Ragaz | Switzerland | 1996 | $3.2B | IPO 2000 |
| 43 | Kunlun Core Beijing Technology | Yanqing District | China | 2011 | $3B | Private |
| 44 | Tenstorrent | Toronto | Canada | 2016 | $2.6B | Private |
| 45 | ACM Research | Fremont | United States | 1998 | $2.4B | IPO 2017 |
| 46 | Rebellions | Seoul | South Korea | 2020 | $2.3B | Private |
| 47 | Alphawave IP | Toronto | Canada | 2017 | $2.2B | IPO 2021 |
| 48 | Cambridge Silicon Radio | Cambridge | United Kingdom | 1998 | $2.1B | Private |
| 49 | Achronix Semiconductor | Santa Clara | United States | 2004 | $2.1B | Private |
| 50 | ESWIN | Dongcheng District | China | 2016 | $2B | IPO 2025 |
| 51 | Heptagon | Singapore | Singapore | 1993 | $2B | Private |
| 52 | d-Matrix | Santa Clara | United States | 2019 | $2B | Private |
| 53 | IQM | Espoo | Finland | 2018 | $1.9B | Private |
| 54 | Infleqtion | Boulder | United States | 2007 | $1.8B | Private |
| 55 | SkyWater Technology | Bloomington | United States | 2017 | $1.7B | Private |
| 56 | Frore Systems | San Jose | United States | 2018 | $1.6B | Private |
| 57 | Lihao Semiconductor | Xining City | China | 2021 | $1.5B | Private |
| 58 | Axera | Pudong | China | 2019 | $1.5B | IPO 2026 |
| 59 | NextSilicon | Givatayim | Israel | 2018 | $1.5B | Private |
| 60 | Shanghai Xianyao Display Technology | Pudong | China | 2015 | $1.4B | Private |
| 61 | Hanbo Semiconductor | Pudong | China | 2018 | $1.4B | Private |
| 62 | Nuvia | Santa Clara | United States | 2019 | $1.4B | Private |
| 63 | Yuze Semiconductor (Yunnan) Co | Chuxiong | China | 2019 | $1.4B | Private |
| 64 | DJEL | Ningbo | China | 2014 | $1.2B | Private |
| 65 | UniVista | Huangpu | China | 2020 | $1.2B | Private |
| 66 | Rockley Photonics | Pasadena | United States | 2013 | $1.2B | Private |
| 67 | XLMEC | Shapingba District | China | 2023 | $1.2B | Private |
| 68 | Innovium | San Jose | United States | 2015 | $1.1B | Private |
| 69 | Shanghai Xingsi Semiconductor | Pudong | China | 2020 | $1.1B | Private |
| 70 | Quantenna Communications | San Jose | United States | 2006 | $1.1B | IPO 2016 |
| 71 | Oxford Ionics | Oxford | United Kingdom | 2019 | $1.1B | Private |
| 72 | MilDef Group | Helsingborgs kommun | Sweden | 1997 | $1B | IPO 2021 |
| 73 | Chemsemi | Yangzhou | China | 2020 | $1B | Private |
| 74 | Silicon Box | Singapore | Singapore | 2021 | $1B | Private |
| 75 | OLIX | London | United Kingdom | 2024 | $1B | Private |
| 76 | Substrate | San Francisco | United States | 2022 | $1B | Private |
| 77 | Positron | Reno | United States | 2023 | $1B | Private |
| 78 | Xuzhou Bokang Information Chemicals | Xuzhou | China | 2010 | $963M | Private |
| 79 | Parade Technologies | San Jose | United States | 2005 | $952M | IPO 2011 |
| 80 | Sensirion | Zurich | Switzerland | 1998 | $899M | IPO 2018 |
| 81 | u-blox | Zurich | Switzerland | 1997 | $889M | IPO 2007 |
| 82 | Shanghai Suiyuan Technology | Huangpu | China | 2018 | $220M | Private |
| 83 | Valens Semiconductor | Hod Hasharon | Israel | 2006 | $75M | Private |
| 84 | FADU | Seoul | South Korea | 2015 | $47M | IPO 2023 |
| 85 | Silicon Spice | Mountain View | United States | 1997 | — | Private |
| 86 | Verigy | Singapore | Singapore | 2006 | — | IPO 2006 |
| 87 | Virata Corporation | Santa Clara | United States | 1993 | — | Private |
Thoroughbreds — the $100M+ revenue tier
Dealroom's revenue milestone: 22 Semiconductors companies past $100M in annual revenue, proof of traction beyond paper valuations.
| # | Company | HQ city | Country | Founded | Valuation | Status |
|---|---|---|---|---|---|---|
| 1 | Ubiquiti | New York City | United States | 2005 | $59B | IPO 2011 |
| 2 | Renesas | Tokyo | Japan | 2002 | $47B | IPO 2003 |
| 3 | Montage Technology | Suwanee | United States | 2004 | $27B | IPO 2013 |
| 4 | Hangzhou Changchuan Technology | Hangzhou | China | 2008 | $15B | IPO 2017 |
| 5 | TTM Technologies | Santa Ana | United States | 1998 | $15B | IPO 2020 |
| 6 | SiTime | Santa Clara | United States | 2005 | $13B | Private |
| 7 | Applied Optoelectronics | Sugar Land | United States | 1997 | $12B | IPO 2013 |
| 8 | INPHI | San Jose | United States | 2000 | $10B | IPO 2010 |
| 9 | Alchip Technologies | Taipei | Taiwan | 2003 | $8.3B | IPO 2014 |
| 10 | Silicon Motion Technology | Hsinchu County | Taiwan | 1995 | $7.1B | IPO 2005 |
| 11 | MaxLinear | Carlsbad | United States | 2003 | $6.1B | IPO 2010 |
| 12 | nLIGHT Corp. | Camas | United States | 2000 | $3.6B | IPO 2018 |
| 13 | Quectel | Huangpu | China | 2010 | $3B | IPO 2019 |
| 14 | Gudeng Precision | Taiwan | Taiwan | 1998 | $1.5B | IPO 2011 |
| 15 | QuEra Computing | Boston | United States | 2018 | $1.4B | Private |
| 16 | ELAN Microelectronics | Hsinchu County | Taiwan | 1994 | $1B | IPO 2006 |
| 17 | Alpha and Omega Semiconductor | Sunnyvale | United States | 2000 | $1B | IPO 2010 |
| 18 | NeoPhotonics | San Jose | United States | 1997 | $859M | IPO 2011 |
| 19 | Worldex Industry & Trading Co. | Seongnam-si | South Korea | 2000 | $345M | IPO 2008 |
| 20 | Egis Technology | Taipei | Taiwan | 1998 | $341M | Private |
| 21 | Aquantia | Milpitas | United States | 2004 | — | IPO 2017 |
| 22 | Bluefors | Helsinki | Finland | 2008 | — | Private |
Frequently asked questions
How many Semiconductors unicorns are there?
Dealroom tracks 87 Semiconductors companies that reached a $1B+ valuation as of July 2026, worth $9.8T combined. 19 of them are valued at $10B or more.
What are the biggest Semiconductors unicorns?
The three most valuable are Nvidia, Broadcom, TSMC.
What counts as a unicorn — and what is a thoroughbred?
A unicorn is a company that reached a $1B+ valuation, verified by Dealroom. A thoroughbred is Dealroom's revenue-based tier: a startup-era company generating $100M+ in annual revenue — traction, not just paper valuation.