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Will UMC overtake SMIC in market share by end of 2024?
5
China•Semiconductor Manufacturing International Corporation•SMIC•Counterpoint Research•GlobalFoundries•Taiwan Semiconductor Manufacturing Company•TSMC•Samsung•UMC•Glofo
Resolution / Starting Odds
Yes • 50%
No • 50%
Annual market share report by Counterpoint Research
Story
China's SMIC Becomes World's Third-Largest Chip Foundry in Q1 with 6% Market Share
May 23, 2024, 08:56 PM
China's largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), has risen to become the world's third-largest chip foundry, according to Counterpoint Research. SMIC achieved this milestone by surpassing GlobalFoundries, securing a 6% market share in the first quarter (Q1) of 2024. The company now ranks behind Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung, which hold 62% and 13% of the market share, respectively. This marks the first time SMIC has reached this position, reflecting significant growth in its market presence. GlobalFoundries experienced a substantial revenue drop in the same period. SMIC also jumped ahead of UMC and Glofo.
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Moderate increase • 34%
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Increase • 33%
Decrease • 33%
Remains stable • 34%
SMIC • 25%
Hua Hong Semiconductor • 25%
Changjiang Electronics Tech • 25%
Other • 25%
North America • 25%
Europe • 25%
Asia • 25%
Rest of the World • 25%