SMIC held a 6% market share in terms of global foundry revenue in the first quarter, up from 5% last year, overtaking GlobalFoundries and Taiwan's United Microelectronics Corp oration."SMIC's quarterly results surpassed market expectations, and the company secured the No. 3 position in foundry revenue market share in Q1 2024 for the first time, as demand recovery begins in China, including CIS, PMIC, IoT, and DDIC applications," Counterpoint Research said.
In the second quarter, the Chinese firm expects revenue to increase by 5% to 7% from the first quarter on strong demand.
Technology Semiconductor Manufacturing International Corp Globalfoundries Inc United Microelectronics Corp Taiwan Semiconductor Manufacturing Co Ltd Business News
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