1. SMIC overtook GlobalFoundries and UMC to become the No.3 foundry in Q1 2024. 2. The top 10 foundries saw a QoQ revenue drop of 4.3% to $29.2 billion. 3. TSMC maintained its market share at 61.7% despite a QoQ revenue drop of 4.1%.
Recent #SMIC news in the semiconductor industry
1. TrendForce reports a 4.3% QoQ revenue drop for top 10 semiconductor foundries in 1Q24. 2. The decline is attributed to the traditional off-season for consumer demand. 3. SMIC rises to the third spot in the ranking.
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