China's SMIC Becomes Third Largest Foundry in the World, New Report Reveals

Thursday, 23 May 2024, 08:46

China's semiconductor giant, SMIC, has achieved an impressive milestone by securing the third position in global foundry revenue rankings, as reported by Counterpoint Research. This significant ascent signifies the company's rapid growth and increasing influence in the semiconductor industry. The latest findings highlight SMIC's strategic advancements and competitive edge, solidifying its position as a key player in the global chip manufacturing landscape.
https://store.livarava.com/c0452b1d-199e-11ef-a3d8-9d5fa15a64d8.jpg
China's SMIC Becomes Third Largest Foundry in the World, New Report Reveals

SMIC Ranks Third Globally in Foundry Revenue

China's largest chipmaker, SMIC, has made remarkable progress in the semiconductor market, claiming the third spot in global foundry revenue in the initial quarter of the year, based on recent findings from Counterpoint Research.

Impressive Growth Trajectory

The ascent of SMIC to the third position underlines the company's rapid expansion and growing significance in the chip industry, reflecting its successful business strategies and operational excellence.

In a highly competitive market environment, SMIC's notable achievement of becoming the No. 3 foundry worldwide showcases its strength, resilience, and potential for future growth.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe