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SMIC Outgrows TSMC and Samsung With 20% Surge, Overtaking GlobalFoundries as World’s Third-Largest Foundry

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SMIC Outgrows TSMC and Samsung With 20% Surge, Overtaking GlobalFoundries as World’s Third-Largest Foundry
Key Takeaway

According to TrendForce, SMIC's Q2 revenue surged 20%, overtaking GlobalFoundries to become the third-largest foundry. TSMC leads with 72.5% market share. The growth is attributed to booming demand for AI memory chips.

AI Summary & Analysis
SMIC grew revenue 20% in Q2, becoming the world's third-largest foundry, surpassing GlobalFoundries, while TSMC remains dominant with 72.5% market share.
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#chips#globalfoundries#samsung#smic#tsmc

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