Broadcom was one other noteworthy company, according to the analysts. The chip maker came in 10th on the 2011 list and outperformed the overall semiconductor market as the mobile and wireless division experienced double-digit growth. The company's' revenue grew 8.4 percent to $7.2 billion in 2011, with 2.3 percent market share.

Revenue for the top 25 semiconductor vendors grew 3.1 percent more than overall industry revenue, mainly due to a busy year for mergers and acquisitions.