SMIC was one of the fastest growing contract factories in the second quarter. The Chinese manufacturer’s revenue grew by 20% and it consolidated its third position in the world, clearly breaking away from the influence of GlobalFoundries.
According to TrendForce data, SMIC’s growth is mainly due to purchases from consumer electronics manufacturers, while the growth in demand for data center network equipment has also brought additional impetus. As a result, Chinese companies’ market share in the global market has increased to 5.4%, and the gap with Samsung OEMs has narrowed significantly.
South Korea’s Samsung’s dynamics were much milder: quarterly revenue grew only 1.8%, and its market share dropped from 6.5% to 5.9%. The company is also increasingly leveraging its manufacturing capabilities to produce HBM base wafers, including 4nm solutions.
TSMC remains the market leader. The Taiwanese company’s revenue grew 12.1% in the quarter and controls an impressive 72.5% of the global contract chip manufacturing market. The main drivers are the need for advanced technology processes in data centers and the launch of the new iPhone. Against this background, SMIC’s breakthrough is particularly eye-catching – the Chinese factory is gradually narrowing the gap with Samsung.
