4 February 2025, Mumbai: Alembic Pharmaceuticals Limited reported its consolidated financial results for the third quarter ended 31st December, 2024.

Financial Highlights

• Net Sales increased by 4% to Rs.1693 Crores.
• EBITDA up 1% to Rs. 271 Crores
• EBITDA Margin at 16% of Sales
• Net Profit at Rs.138 Crores

Mr. Shaunak Amin, MD, Alembic Pharmaceuticals Limited said. “In the current quarter, we faced market headwinds in the acute segment. However, other key therapies in our specialty business continued to outpace the market growth. To strengthen field force efficiency, we have enhanced Automation and AI, to upscale execution. This Transition has partly impacted quarter growth. We are confident to show a robust growth trajectory going forward. The US Business posted significant volume growth and the Ex-US markets continued to expand steadily. API Business is still under significant pricing pressure.”

India Branded Business

• India Branded Business grew 3% to Rs. 614 crores for the quarter.
• Animal Health business grew 22% for the quarter with basket of strong brands driving outperformance.
• Specialty therapies recorded growth of 6%.
• 3 launches during the quarter. New launches continue to do well along with promising future launches across key segments.

International Business

• US Generics grew 10% to Rs. 521 Crores for the quarter.
• 2 Launches in the US market during the quarter.
• Ex-US International Generics grew 10% to Rs. 299 Crores for the quarter.
• 7 ANDA approvals received during the quarter, 219 Cumulative ANDA approvals.

API Business

Particulars	Q3 FY25	Q3 FY24	% Change	9M FY25	9M FY24	% Change
Formulation
India	614	596	3%	1795	1697	6%
USA Ex- US	521 299	474 272	10% 10%	1449 868	1308 790	11% 10%
API	259	289	(10%)	791	916	(14%)
Total	1693	1631	4%	4902	4712	4%

Chennai, February 2025 – InKo, the Indo-Korean Cultural Centre,is delighted to  present Limits of Change, an extraordinary immersive art and storytelling experience that unveils an untold chapter of Indo-Korean history. This evocative blend of art installation and theatrical performance transforms Lalit Kala Academy into a living museum from 8th to 20th February 2025. It is an Invited project in association with Chennai Photo Biennale Edition 4 and with the support from HYUNDAI MOBIS.

Curated and conceptualized by celebrated visual artist Parvathi Nayar and playwright Nayantara Nayar, Limits of Change blurs the lines between fiction and history, exploring themes of identity, home, violence, and forgiveness. Audiences will embark on a guided journey through nine interconnected spaces, each featuring objects, installations, videos, artworks, and archival material that collectively unfold a poignant Indo-Korean narrative.

At the heart of Limits of Change lies a powerful story that bridges personal and geopolitical realities. The narrative follows the life of General N, who served as part of the Custodian Force India (CFI) dispatched to Korea after the Korean War Armistice in 1953. His journey, intertwined with his daughter, Curator P, forms the emotional core of the performance.

Through her father’s archives—letters, journals, and photographs—Curator P unravels hidden layers of history while grappling with her own questions of identity and forgiveness. The narrative juxtaposes the personal loss of an absent father with the broader struggles of displaced prisoners of war (POWs), raising thought-provoking questions about home, duty, and reconciliation.

Set in the fictional Story Museum, this unique performance unfolds across nine rooms, with each space offering an experiential dive into the intertwined histories of India and Korea. Guided by a narrator, groups of 25–28 visitors will explore these spaces where visual art, storytelling, and archival elements converge to create a visceral journey.

• Infographic Walls and Timeline Installations offering historical context.
• A visually rich bedtime story video, Miss P and the Princess of Ai, blending myth with history.
• Artifacts and installations inspired by Tamil-Korean legends such as the Princess of Ay who travelled to Korea centuries ago.
• A thematic use of the turtle motif, symbolizing connection and reconciliation.

This project is a testament to the enduring cultural and historical ties between India and Korea. The performances emphasize the pivotal role played by Indian soldiers of the Custodian Force India (CFI) in post-war Korea. It delves into their journey of safeguarding displaced POWs, navigating cultural and emotional complexities, and returning home with a transformed sense of self.

“As the Indo-Korean Cultural Centre, committed to a sustaining a meaningful intercultural dialogue between India and Korea, we wholeheartedly supported this project which mixes the personal and the geo-political realities in a manner that unveils a vital but forgotten aspect of Indo-Korean history. The connection with Chennai, the unmistakable autobiographical elements; the creative fictional layers complemented with photo, video, object, artwork and storytelling provide a compelling framework within which histories unfold, memories are shared and the past and present meld to create what will hopefully be an unforgettable experience.” says Dr Rathi Jafer, Director, InKo Centre.

“Limits of Change is not just an exhibition; it is an immersive, performative exploration of how history shapes identity. It asks profound questions: What does it mean to call a place ‘home’? How do we reconcile personal loss with historical trauma? And how can art act as a conduit for understanding, healing, and hope?” adds Artist Parvathi Nayar.

Yog Japee, Director of Limits of Change, shares, “This project is a mosaic of narratives that invites audiences to discover hidden histories and forge personal connections through collective memories. It is an artistic exploration of the human spirit and its ability to forgive, heal, care and hope.”

This limited engagement offers audiences an opportunity to connect deeply with a story that is as relevant today as it was seven decades ago.

Details at a Glance:

• What: Limits of Change, presented by INKO
• Where: Lalit Kala Akademi, Chennai
• When: 8th–20th February 2025
• Performance Timings: 11:30 AM, 3:30 PM, and 6:30 PM daily

New Delhi, 3rd February 2025: Building on its recent partnership with cricket icon Sourav Ganguly, Olyv,a pioneering digital lending platform committed to ensuring financial inclusion and democratization of credit access across India, has rolled out a new campaign with a series of powerful ad films. The ad films spotlight the everyday challenges faced by Indian borrowers while highlighting the company’s comprehensive financial solutions.

The campaign features Sourav Ganguly addressing three critical pain points in the lending ecosystem: lengthy processes, lack of transparency, anxiety and mental stress involved with traditional processes and the complexities of credit score management. Through these narratives, the ad films encourage financial inclusion, while showcasing the brand’s robust suite of financial products and services. Sourav Ganguly’s pan-India appeal effectively communicates the brand’s message of financial empowerment to a diverse audience.

The first film tells the relatable story of Mr. Radheshyam, representing countless salaried professionals in urban India who face the familiar strain of stretching their monthly income. Through a casual conversation at a local store, Sourav Ganguly learns how a stable salary often falls short of meeting growing expenses by mid-month. Olyv’s hassle-free lending solutions are showcased as a vital resource for hardworking professionals, including self-employed individuals, who strive to maintain their lifestyles without compromise, overcoming common financial hurdles with ease.

The second film cleverly uses the doctor-patient dynamic to draw parallels between physical health and financial health. Ganguly, as the physician, emphasizes on how understanding and maintaining one’s credit score is as crucial as monitoring vital health parameters. Through its surreal yet relatable storyline, the film effectively communicates Olyv’s role in helping users maintain their financial wellness through regular credit score monitoring and management.

The third film presents a powerful commentary on the challenges faced by Self-employed individuals. With Ganguly’s characteristic wit comparing outdated inventory to prehistoric times, the narrative skillfully addresses the working capital crunch that prevents many small businesses from staying competitive. The film effectively portrays how Olyv’s business lending solutions can help local entrepreneurs transform their businesses from surviving to thriving, enabling them to stock quality products and expand their operations.

Each ad film concludes with Sourav encouraging viewers to download the Olyv app, making financial solutions more accessible to millions of Indians.

Rohit Garg, co-founder and CEO of Olyv said, “Much like how Dada transformed Indian cricket by fearlessly taking on challenges, our ad films reflect our approach to tackling the real obstacles faced by millions of Indians in their financial journeys. This campaign is a natural extension of our partnership with Sourav Ganguly, who perfectly embodies our vision of being a ‘Partner to the Aspirations of Emerging India.’ The stories we’re telling through these films aren’t just advertisements, they’re real situations that we encounter every day, where hardworking Indians struggle with loan disbursals, complex credit systems, and the constant threat of financial fraud. Empowering emerging India, our cutting-edge technology and strategic partnership with Sourav enable us to deliver comprehensive financial services and a reliable route to achieving financial freedom. We believe in standing beside our users as they navigate their financial challenges and aspirations.”

The campaign emphasizes Olyv’s key offerings, including loans up to INR 5,00,000 with competitive interest rates starting at 1.5% per month and EMIs as low as INR 512 per month. The platform also provides essential services such as monthly credit score monitoring, fraud protection, and timely payment reminders for loans and credit cards.

03-February-2025: Gopal Srinivasan, Chairman & Managing Director of TVS Capital Funds, lauded the Union Budget 2025 for its balanced and forward-looking approach, emphasising its role in strengthening India’s investment ecosystem through regulatory clarity, deeper capital markets, and expanded capital access for entrepreneurs and investors.

“The Hon’ble Finance Minister has once again delivered a balanced and forward-looking Budget, skilfully addressing diverse economic priorities. Managing the competing demands of various stakeholders—whether foregoing ₹1 lakh crore in personal tax revenue to boost consumption, maintaining fiscal discipline at 4.4%, or ensuring stable borrowing levels to enable lower interest rates—demonstrates a strategic approach to inclusive growth.

For startups and investors, this Budget builds on the July 2024 tax reforms, including LTCG alignment and Angel Tax removal, by providing greater regulatory clarity, deeper capital pools, and stronger business enablers. The capital gains treatment of Category I and II AIF investments is now legally codified, removing ambiguity and ensuring stability. A revamped Central KYC Registry will reduce onboarding time across financial institutions, while the incorporation deadline for tax benefits has been extended by five years, covering startups founded before April 1, 2030. Raising the FDI limit from 74% to 100% will unlock capital and accelerate the government’s ‘Insurance for All’ mission.

Expanding capital access and innovation remains a key focus. The ₹10,000 crore Fund of Funds for Startups strengthens the ₹90,000 crore capital pool created since 2016, ensuring a fresh infusion that will accelerate domestic capital flow for growth-stage startups. A new entrepreneurial scheme for SCs, STs, and first-time founders, inspired by Stand-Up India, will further expand grassroots entrepreneurship. The Deep Tech Fund of Funds will support next-gen startups, complementing the ₹20,000 crore R&D Innovation Initiative. The introduction of SWAMIH Fund 2 for affordable housing, structured as a blended finance facility, will enable the completion of another one lakh homes, building on the success of the first SWAMIH fund. Additionally, the provision for partial credit enhancement for infrastructure bonds will strengthen the corporate bond market, attracting retail investors and deepening capital markets.

As a representative of the Indian Venture Capital Association (IVCA), I sincerely thank the Hon’ble Finance Minister for addressing critical industry requests. This Budget is a major boost for India’s investment ecosystem, ensuring regulatory clarity, deeper capital markets, and greater access to funds for high-impact entrepreneurs,” added Srinivasan.

TVS Capital Funds remains committed to supporting India’s next generation of entrepreneurs and playing a role in the country’s journey towards becoming a $10 trillion economy.

Mumbai, 03rd February 2025 – Krystal Integrated Services Limited (KISL), India’s fastest growing and leading provider of integrated facility management and staffing solutions, has received an upgrade in its credit rating from CRISIL for its bank facilities. This reflects the company’s strong financial health, operational excellence, and sustained business growth.

The total bank facilities rated have increased from ₹188 crores to ₹288 crores, signifying the company’s expanding financial footprint. The revised credit ratings are as follows:

Commenting on this development, Mr. Sanjay Dighe, CEO at Krystal Integrated Services Limited, said, “We are pleased to receive an upgraded credit rating from CRISIL for our bank loan facilities. Additionally, the increase in rated bank facilities to ₹288 crores underscores our ongoing expansion and growth plans. This upgrade, coupled with our strategic efforts to raise funds, will fuel the company’s anticipated growth in the coming months as we diversify and scale up our business in the domains of waste management – Solid and Liquid, Operations & Maintenance, Technical Facility Management.

CRISIL, being one of the most trusted credit rating agencies, recognizing our strong fundamentals and reliability is a significant commendation of our financial stability. This instills further confidence in our stakeholders and strengthens our commitment to driving sustainable growth.”

With its comprehensive facility management services, Krystal continues to expand its operational footprint across key infrastructure sectors in India, reinforcing its reputation for, reliability, and operational excellence.

by Dr. Shri Krishna Kinkar Ji, Shri Krishna Charit Manas (Bhagavat) Kathavachak and Spiritual Orator

How lovely that there is such a strong connection between nature and our Hindu celebrations! As nature evolves, we embrace it with excitement and joy because it gives us life and teaches us how to live. Basant Panchami is a prime illustration of this relationship. In India, we commemorate the arrival of the spring season (Basant Ritu) with Basant Panchami festival.  There are innumerable tales and poems about the springtime in our literature. The creator of this natural transition deserves all the praise for this wonderful transformation. The Saptarishis (Seven Sages) should be worshipped on Basant Panchami, also called Rishi Panchami. On this day, women are urged to observe a fast.

The beauty and significance of Basant Panchami are highlighted in numerous religious scriptures, including the well-known granth Shri Krishna Charit Manas (Rasayan Mahakavya), written by Jagadguru Shri Priyadarshi Ji Maharaj. Worshiping the goddess of wisdom and the arts, Saraswati, on this day is said to be extremely fortunate. This day should be devoted to devotional singing (kirtan-bhajan) in addition to worship.

Chanting and experiencing the power of mantras are essential fundamentals of Basant Panchami. One of the core components of Indian culture is the chanting of mantras. According to the Manas Granth, chanting mantras improves our life by calming the mind and engendering a wonderful energy within us. Reciting mantras with faith and concentration has a very powerful result. During Basant Panchami, group mantra chanting has a special significance. We participated in group chanting during the celebration to convey positive energy around the room. Group chanting creates vibrations that encourage mental and inner calm. Chanting in groups creates a sense of community that significantly improves the individual experience. Thus, the Basant Panchami festival is intent to spread a message of joy, fervor, and spiritual enlightenment. We can experience the power of mantras and chanting on this auspicious occasion, leading to inner tranquility and positive life transformation.

Mumbai, February 03, 2025 – Kotak Mahindra Life Insurance Company Ltd. (“Kotak Life”) has launched its latest campaign, ‘Viraasat Ban Ke Hi Rahegi’. This campaign aims to reframe the perception of term insurance by positioning it as a vital tool for securing one’s legacy (Viraasat).

Drawing from culture, India and Indian families are in an overdrive mode to build assets to leave behind a Viraasat for the stability and security of their families.

People are relentlessly working to save and build assets – whether it’s setting aside money, purchasing gold or buying a home. However, an essential aspect of this legacy creation is often overlooked; the need to protect the legacy building efforts against unforeseen circumstances.

Ashish Nair, CMO and Head – Customer Value Management and Health Tech, Kotak Mahindra Life Insurance said, “The Campaign ‘Viraasat Ban Ke Hi Rahegi’ speaks to the deep-rooted desire of every Indian to build a legacy for the security and comfort of their loved ones. However, life’s uncertainties can create gaps in these plans. With this campaign, we aim to redefine how term insurance is perceived—not just as a financial product, but as a powerful enabler that complements the efforts of legacy building by ensuring its continuity. It is in sync with our brand promise ‘Hum Hain… Hamesha,’ reflecting our commitment to standing by our customers at every step of their journey.”

The film showcases the protagonist’s dedication to saving and building assets for his family. However, in his journey, he overlooks a crucial question: What will happen to the process of building this Viraasat if an unforeseen event occurs? The film is brought to life by Rajkummar Rao, the brand ambassador of Kotak Life, who introduces Kotak Life’s Term Insurance Plans as a sensible and affordable solution that ensures the continuity of building one’s Viraasat

Heval Patel, COO at The Womb said, “Traditional term insurance messaging has centered around uncertainty. In this sea of sameness, we saw an opportunity to change the conversation by focusing on what truly drives consumers—their desire to build a Viraasat. By reframing term insurance as a tool to protect this process of Virasaat building, we’ve given the category a fresh and compellingperspective.”

Greater Noida, 3rd February 2025: FUJIFILM India – a leader in imaging technology launched innovative product lines at 16th Printpack India 2025. The launches included addition to versatile Revoria Press™ family and the high-performance Apeos 4620 SX/SZ multifunction devices. The Revoria Press™ lineup introduced four mid to mid-high range production presses, including the five-color EC2100S and SC285S models, and the four-color EC2100 and SC285 models, offering compact designs, exceptional speed, and high-quality printing. Meanwhile, the Apeos 4620 SX/SZ monochrome devices, designed for efficient A4 service counter operations, deliver exceptional performance at 46 pages per minute.

The new Revoria Press™ EC2100S, with a high-speed output of 100 pages per minute, caters to commercial printing, jobbers, and the photo market. The SC285S and SC285 models, printing at 85 pages per minute, are ideal for jobbers, photo books, and short-run proofing. These compact presses deliver exceptional image quality using Vertical Toner Development Technology, LED Print Head Technology, and Revoria Flow RIP with Super EA Eco Toner. Supporting paper weights from 52 to 400 GSM and sizes from 90 x 146 mm to 330 x 1,300 mm, they handle various media types, including coated, uncoated, and textured papers. The optional Smart Monitoring Gate D1 ensures real-time color correction and alignment, maintaining print quality and productivity.

The Apeos 4620（SZ / SX）are compact devices ideal for placement on service counters in various organizations such as Small & Medium Businesses, shops, Hotels, government agencies and hospitals. They offer high-resolution 1,200 x 1,200dpi image printing at a rapid speed of 46 pages per minute 3. Compared to other A4 devices of the same speed range 4, printing speed is increased by 15%, ensuring efficiency improvements in the customers’ workflows, particularly in scenarios that demand quick responses to clients, such as at customer service counters.

Mr.Koji Wada, Managing Director of FUJIFILM India, expressed his excitement, “At FUJIFILM India, we are committed to delivering innovative products and solutions that embody our Group purpose of ‘Giving Our World More Smiles.’ By blending diverse ideas, unique capabilities, and extraordinary people, we aim to create solutions that bring joy and smiles to the world. Our commitment to innovation and excellence drives us to deliver solutions that meet the evolving needs of the digital printing market. With these new launches Graphic Communications and Device Technology Business, we aim to enhance productivity, versatility, and color precision, ensuring our customers stay ahead in a competitive landscape.”

Mr. Priyatosh Kumar, Associate Director and Head of Graphic Communication & Device Technology, FUJIFILM India, “We are thrilled to unveil the Revoria Press™ series and Apeos 4620 SX/SZ devices, representing the pinnacle of our printing technology. These products combine cutting-edge features with unmatched quality, enabling businesses to produce high-impact prints with greater efficiency. As demand for high-quality, versatile printing solutions grows, these innovations ensure our customers have the tools to excel in a fast-paced, dynamic industry.”

1.     Revoria Press^TM EC2100S / SC285S (available to both products)

• Equipped with a one-pass five-color print engine, one specialty toner can be used in addition to the CMYK toners. Full range of support functions are available for easy utilization of specialty colours.
• The Vertical Toner Development technology help to enhance the print quality and stability in the continuous printing and enables 5 color printing within a space saving design.
• A variety of specialty toners are available in, Clear, Pink, and textured paper toner. A variety of more metallic colors will also be available soon.
• Automatic conversion of RGB & CMYK files into five colors of CMYK+Pink and enhancing the gamut and vibrancy of the colors on the Revoria Flow^TM.
• Designs can be created while checking the expression of speciality colors with the Speciality Color Viewer function. Users can save time, money & effort for test printing with this.
• Users can easily change the specialty toner in about 10 minutes.

 2. Revoria Press^TM EC2100S / EC2100/ SC285S / SC285 (available to all four products)

• High Image Quality with compact LED printhead and high-resolution print at 2400 dpi.
• Increase work productivity through high-speed printing. The Revoria Press^TM EC2100S prints at 100 pages per minute while the Revoria Press^TM SC285S / SC285 print at 85 pages per minute with consistent speed on 52GSM to 400GSM.
• Versatile media handling for a wide range of applications.
• The compact belt-roll fuser enables an enhanced transfer technology for high-quality printing on textured paper.
• Equipped with an Air Suction Feeder that ensures reliable feeding of coated paper, which tends to stick to the paper. The Static Eliminator D1*6 removes static electricity from film paper and other static-sensitive printing paper, enabling the reduction of adhesion between sheets of paper for work efficiency.
•  The machine also supports paper output such as envelopes, water-resistant paper, and cardboard for packaging.
•  Smart Monitoring Gate D1 detects color variation and front-to-back misalignment during printing, enabling automatic correction in real time to maintain high print quality without compromising on productivity and allows the customer to print intelligently and effortlessly.
• The Revoria Press^TM EC2100S will be compatible with Revoria Flow^TM EC21. Similarly, the Revoria Press^TM SC285S / SC285 will be compatible with Revoria Flow^TM SC21 / SC22 servers. Users can also choose from the several options of Fiery print servers to meet their needs.

 Apeos 4620 SX/SZ:

• High productivity of monochrome prints at 46 pages per minute with compact size
• High resolution printing of 1,200 x 1,200 dpi
• Maximum paper capacity input up to 1,390 sheets
• The Apeos 4620（SZ / SX）enables the simultaneous scanning of both sides of a document through a single pass of the scanning area of multifunction devices with One-Pass Duplex Scanning
• The Apeos 4620 SX equips 5.0 inch color touch panel & whereas Apeos 4620 SZ is equipped with 3.5 inch color touch panel.
• The Automatic Document Feeder can hold up to 80 sheets of A4 for continuous copying and scanning

Greater Noida: The festival of Vasant Panchami was celebrated with great enthusiasm across various societies in Greater Noida. The occasion witnessed devotees performing Saraswati Puja, engaging in charitable activities, and exchanging warm wishes with one another to mark the auspicious day.

At Paramount Golf Foreste Society, the festival was celebrated with the young students of Curious Mind Play School. The children and their teachers dressed in vibrant yellow attire, symbolizing the significance of the festival. A little girl was beautifully adorned as Goddess Saraswati, and a traditional puja was performed in her honor. The children were educated about the importance of Vasant Panchami and how this season brings greenery and prosperity all around.

In addition to this, temples within SKA Metroville and SKA Divya Towers societies held special prayers and rituals to commemorate the occasion. Residents gathered at the temples to seek blessings, perform religious offerings, and participate in charitable donations as part of their spiritual practices.

Sanjay Sharma, Director of SKA Group, highlighted the significance of such celebrations in fostering a sense of unity and cultural appreciation within society. He emphasized that these festivities not only energize individuals but also strengthen the bond between people, their traditions, and the community.

The grand celebration of Vasant Panchami in Greater Noida showcased the deep-rooted cultural heritage and communal harmony among residents, making it a memorable and spiritually uplifting event for all.

STAMFORD, Conn., February 3, 2025 — Worldwide semiconductor revenue in 2024 totaled $626 billion, an increase of 18.1% from 2024, according to preliminary results by Gartner, Inc. Revenue is projected to total $705 billion in 2025.

“Graphics processing units (GPUs) and AI processors used in data center applications (servers and accelerator cards) were the key drivers for the chip sector in 2024,” said George Brocklehurst, VP Analyst at Gartner. “The rising demand for AI and generative AI (GenAI) workloads led data centers to become the second-largest market for semiconductors in 2024, behind smartphones. Data center semiconductor revenue totaled $112 billion in 2024, up from $64.8 billion in 2023.”

The positive performance of the overall market impacted the ranking of several semiconductor vendors. Eleven vendors experienced double-digit growth and only 8 of the top 25 semiconductor vendors posted revenue decline in 2024.

Samsung Electronics Regained No. 1 Spot in 2024

With 9 out of the top 10 semiconductor vendors recording revenue growth in 2024, the ranking of the top 10 semiconductor vendors changed year-over-year (see Table 1).

Samsung Electronics reclaimed the No.1 spot from Intel and extended its lead over the company in 2024 driven by a strong rebound in memory device prices. Samsung Electronics revenue totaled $66.5 billion in 2024.

Intel moved to the No. 2 position as its product set — AI PCs and the Core Ultra chipset — was insufficient to offset the limited success of its AI accelerator offering and the modest growth in its x86 business. Intel’s semiconductor revenue was flat at 0.1% growth in 2024.
Nvidia continued to perform exceptionally well, increasing its semiconductor revenue by 84% in 2024, to total $46 billion. It moved up two spots to secure the No. 3 position thanks to the strength of its AI business.

Table 1. Top 10 Semiconductor Vendors by Revenue, Worldwide, 2024 (Millions of U.S. Dollars)

2024 Rank		2023 Rank		Vendor		2024 Revenue		2024 Market Share (%)		2023 Revenue		2024-2023 Growth (%)
1		2		Samsung Electronics		66,524		10.6		40,942		62.5
2		1		Intel		49,189		7.9		49,117		0.1
3		5		NVIDIA		45,988		7.3		25,053		83.6
4		6		SK hynix		42,824		6.8		23,027		86.0
5		3		Qualcomm		32,358		5.2		29,225		10.7
6		12		Micron Technology		27,843		4.4		16,123		72.7
7		4		Broadcom		27,641		4.4		25,613		7.9
8		7		AMD		23,948		3.8		22,307		7.4
9		8		Apple		18,880		3.0		18,052		4.6
10		9		Infineon Technologies		16,001		2.6		17,022		-6.0
				Others (outside top 10)		274,775		43.9		263,483		4.3
				Total Market		625,971		100.0		529,964		18.1

HBM to Represent 19.2% of DRAM Revenue in 2025, Up from 13.6% in 2024

Memory revenue recorded 71.8% revenue growth in 2024. Memory’s share as a percentage of total semiconductor sales increased to 25.2% in 2024. DRAM revenue improved 75.4% in 2024 while NAND revenue increased 75.7% year-over-year. High-bandwidth memory (HBM) production contributed significantly to the revenue for DRAM vendors. HBM revenue represented 13.6% of total DRAM revenue in 2024.

Nonmemory revenue increased 6.9% in 2024. Nonmemory accounted for 74.8% of total semiconductor revenue in 2024.

“Memory and AI semiconductors will drive near-term growth, with HBM projected to account for an increasing share of DRAM revenue, reaching 19.2% in 2025,” said Brocklehurst. “HBM revenue is estimated to increase 66.3% in 2025, reaching $19.8 billion.”