The top 10 biggest technology companies in the US in 2023

From social media giants to the big four, the United States is home to some of the biggest players in the technology world. These companies have established themselves as leaders in their respective markets, and their innovations have revolutionised the way the world works, communicates, and accesses information.

Technology Magazine takes a look at 10 of the top technology companies in the US by market cap in 2023.

10: Adobe

Headquarters: San Jose, California

CEO: Shantanu Narayen

Market cap: US$156.63bn (Jan 2023)

Adobe Inc. provides creative and digital solutions for various industries such as design, photography, video, web, marketing, and education. Some of its most popular products include Photoshop, Illustrator, Premiere Pro, After Effects, Acrobat, Lightroom, and InDesign. It also offers various software platforms such as Creative Cloud (cloud-based subscription service), Document Cloud (digital document service), Experience Cloud (customer experience management service), and Spark (online content creation service).

9: Cisco

Headquarters: San Jose, California

CEO: Chuck Robbins

Market cap: US$196.94bn (Jan 2023)

Cisco Systems, Inc. provides networking and communications products and services for various industries such as enterprise and service provider, small business and home office, public sector and education, and healthcare and life sciences. Its products include routers, switches, firewalls, wireless access points, IP phones, video conferencing systems, and Webex collaboration platform. It also offers various software platforms such as IOS (network operating system), Meraki (cloud management), AppDynamics (application performance monitoring), and Duo (security).

8: Oracle

Headquarters: Austin, Texas

CEO: Safra Catz

Market cap: US$220.39bn (Jan 2023)

With more than 135,000 employees worldwide, Oracle Corporation provides software and hardware products and services for various industries such as cloud computing, database management, enterprise resource planning, customer relationship management, and business intelligence. 

Some of its most popular products include Oracle Database, Oracle Cloud Infrastructure, Oracle Fusion Applications, Oracle NetSuite, Oracle E-Business Suite, and Oracle Hyperion. It also offers various software platforms such as Java (programming language), MySQL (database), Solaris (operating system), and GraalVM (virtual machine).

7: Broadcom

Headquarters: San Jose, California

CEO: Hock E Tan

Market cap: US$231.29bn (Jan 2023)

Semiconductor and infrastructure software company Broadcom Inc. provides solutions for various industries such as wireless communications, data centres, enterprise and industrial networking, broadband access, and cybersecurity.

With more than 19,000 employees worldwide, some of Broadcom’s most popular products include Wi-Fi chips, Bluetooth chips, Ethernet switches, fibre optic transceivers, storage adapters, and mainframe software. It also offers various software platforms such as Symantec (security), CA Technologies (IT management), Brocade (networking), and SAS Institute (analytics).

6: Meta

Headquarters: Menlo Park, California

CEO: Mark Zuckerberg

Market cap: US$319.89bn (Jan 2023)​​​​​​​

Meta, formerly known as Facebook, is a multinational social metaverse company that owns and operates various businesses and subsidiaries and has more than 60,000 employees worldwide. Its most well-known and largest subsidiary is Facebook LLC, which provides online products and services such as the Facebook social network, Messenger, Instagram, WhatsApp, Oculus VR, Portal smart devices, and Novi digital wallet. Other subsidiaries include Spark AR (augmented reality), Giphy (GIFs), Mapillary (street-level imagery), Kustomer (customer service), and CTRL-labs (neural interface).

5: Nvidia

Headquarters: Santa Clara, California

CEO: Jensen Huang

Market cap: US$364.18bn (Jan 2023)

Nvidia Corporation specialises in designing and producing graphics processing units (GPUs), system-on-a-chip units (SoCs), and related software. It is headquartered in Santa Clara, California and has more than 18,000 employees worldwide. Some of its most popular products include the GeForce series for gaming, the Quadro series for professional visualisation, the Tesla series for high-performance computing, and the Tegra series for mobile devices. It also develops various software platforms such as CUDA for parallel computing, Nvidia GameWorks for game development, Nvidia Omniverse for 3D simulation and collaboration, and Nvidia Drive for autonomous driving.

4: Amazon

Headquarters: Seattle, Washington

CEO: Andy Jassy

Market cap: US$875.51bn (Jan 2023)

E-commerce and technology giant Amazon.com, Inc has more than 1.3 million employees worldwide, with its most popular products and services including the Amazon online marketplace, Prime membership, Kindle e-readers, Echo smart speakers, Alexa voice assistant and Audible audiobooks. It also operates various online platforms such as AWS cloud computing, Twitch streaming service, Amazon Music, Amazon Video, and Amazon Web Services. AWS is a cloud computing platform provided by Amazon that provides different types of cloud services, such as infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS).

3: Alphabet

Headquarters: Mountain View, California

CEO: Sundar Pichai

Market cap: US$1.158tn (Jan 2023)

Alphabet Inc. owns and operates various businesses and subsidiaries related to technology with more than 140,000 employees worldwide. Its most well-known and largest subsidiary is Google LLC, which provides online products and services such as the Google search engine, Gmail, YouTube, Google Maps, Google Chrome, Android, Google Play, Google Cloud Platform, and Google Ads. Other subsidiaries include Waymo (self-driving cars), Verily (life sciences), Calico (biotechnology), Loon (internet balloons), Wing (drone delivery), DeepMind (artificial intelligence), and X (moonshot projects).

2: Microsoft

Headquarters: Redmond, Washington

CEO: Satya Nadella

Market cap: US$1.788tn (Jan 2023)

Microsoft Corporation develops, manufactures, licences, supports, and sells computer software, hardware, and services. Founded by Bill Gates and Paul Allen in 1975, the company has more than 180,000 employees worldwide. Some of its most popular products include the Windows operating system, Office suite, Edge browser, Xbox gaming console, Surface devices, and Azure cloud platform. It also operates various online platforms such as Bing search engine, LinkedIn social network, Skype communication service, and Microsoft Store.

In January 2023, the company announced a new multi-year, multi-billion dollar investment deal with ChatGPT developer OpenAI.

1: Apple

Headquarters: Cupertino, California

CEO: Tim Cook

Market cap: US$2.067tn (Jan 2023)

Apple Inc. is a multinational technology company that designs, develops, and sells consumer electronics, software, and online services. It is headquartered in Cupertino, California and has more than 140,000 employees worldwide. Some of its most popular products include the iPhone, iPad, Mac, Apple Watch, AirPods, Apple TV, and HomePod. It also operates various online platforms such as the App Store, iTunes Store, Apple Music, Apple Pay and iCloud. 

Founded by Steve Jobs, Steve Wozniak, Ronald Wayne and Mark Markkula in 1976 as Apple Computer, Inc, today Apple is known for its innovation and quality in both hardware and software and is one of the most influential companies in the world.

Apple became the first publicly traded U.S. company to be valued at over US$1tn in August 2018, then US$2tn in August 2020, and US$3tn in January 2022.