Top 10 tech companies in 2020
During this tough 2020, some old giants are already bellied up, while the tech companies are developing immunity to COVID-19.
The Tech sector is the driver of the global economy now.
Let’s see the top 10 tech companies that are ruling the world this 2020. Here you will see e-commerce, media, software, hardware, with massive market capitalization!
1. Apple Inc.
Apple started the year with a bit more than 1 trillion USD value. By the end of August, it raised to 2.22 trillion USD!
Co-founded by Steve Jobs and Steve Wozniak in 1976, Apple became a public company (IPO) in 1980.
A strategic vision drove it first to manufacturing desktop computers, and later to mobile devices, tablets, and wearables. Producing popular products with big margins led the brand to success. Currently, ‘services’ is another key to its value.
2. Amazon Inc.
1.74 trillion USD made Amazon the second colossus on this ranking.
Founded by Jeff Bezos (1994) to sell books online, it grew as an e-commerce leader selling pretty much everything. In 1997, it became a public company.
Diversification has been vital for Amazon, which nowadays is much more than e-commerce. Cloud computing, digital video and music streaming, publishing, film and TV studios, and artificial intelligence (AI) are significant branches.
3. Microsoft Corporation
1.70 trillion USD sent Microsoft to the third position in the top 10 tech companies in 2020.
Created by Bill Gates and Paul Allen in 1975, Microsoft developed user-friendly software for PC. Products such as the MS-DOS operating system and later, Windows, boosted the company, becoming public in 1986.
Innovation but mostly adaptation, have been its keys to keep expanding through the time, no matter the large number of competitors.
Now Microsoft also means hardware, smart devices, mobiles, apps, games, servers, cloud services, machine learning, and AI.
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4. Alphabet Inc.
1.11trillion USD placed Alphabet in the fourth spot. It is obvious, because we are talking about Google. Created in 2015, Alphabet became the head on top of Google and many more sub-companies.
Sergey Brin and Larry Page founded this conglomerate in 1993. Now it is far more than a little search engine. It changed “search for it” to “google it,” and that’s a great success!
Develop innovative, excellent services, and big acquisitions are the company’s strength that today owns YouTube, GMaps, GApps, GCloud, GVenture, GCapital, and much more.
5. Facebook Inc.
The fifth place in the top 10 tech companies goes for Facebook and its 0.84 trillion USD value.
The social networking company was born in 2004 when officially, Mark Zuckerberg launched it as a website from his university dorm. The site got very popular, and in 2012, Facebook had its IPO.
6. Alibaba Group
A 0.76 trillion USD Asian giant comes on the stage.
In 1999, Jack Ma and 17 more partners created a website to sell internationally, goods from small Chinese exporters and manufacturers.
Alibaba arose as an international leader in online and mobile commerce, becoming public in 2014. It was the largest IPO ever!
Now, Alibaba Group leads online retail, electronic paymentS, shopping search engine services, cloud computing, digital media, entertainment, etc.
7. Tencent Holdings Ltd.
7th place with 0.65 trillion USD goes to another Chinese company.
It was founded in 1998 and rapidly grown as the most used Internet service portal. In 2004, Tencent Holdings Limited went public on the Hong Kong Stock Exchange.
The conglomerate involves e-commerce, payment systems, social networks, and games. Titles like “League of Legends” and “Fortnite” are globally popular.
8. Taiwan Semiconductor Manufacturing Company Limited (TSMC)
A 0.38 trillion USD value leads TSMC to the eighth spot.
Established by Morris Chang (1987) as a foundry business, TSMC became the largest worldwide company dedicated to semiconductors.
Its chips are present in automotive, electronics, and various industrial equipment. Nvidia, Qualcomm, Intel, and Apple are just a few of its clients.
0.36 trillion USD is the value of the South Korean Samsung.
Lee Byung-Chull created Samsung (1938) as a grocery trading store. From trading noodles, local goods, later textiles, it jumped to producing the textiles and investing in petrochemical industries.
In 1969, Samsung got into the electronics industry.
Televisions, home appliances, semiconductors, genetic engineering tools, aerospace, shipbuilding, memory chips, integrated systems, nanotech, smartphones, life insurance… Evolution and expansion, the keys to Samsung’s success.
10. Nvidia Corporation
Closing the top 10 tech companies with Nvidia (0.32 trillion USD).
Jen-Hsun Huang, Christopher Malachowsky, and Curtis Priem founded it in 1993 to create microprocessors for PC’s to empower full-motion video and stereo sound. The computer gaming sector got so interested in its products.
The global graphic processor producer is present in gaming and video edition, apps, data centers, AI, robotics, cryptocurrency mining, self-driving cars, and more.
Info updated on August 31st, 2020