After sanctions against loneliness, SMIC became the world's third largest generation factory

The sanctions imposed by the United States on China's chip industry are heinous, but after years of sanctions, they have not only not suppressed China's chip industry, but promoted the rapid development of China's chip industry.

According to the latest Counterpoint data, SMIC International made a historic breakthrough in the global wafer foundry industry in the first quarter of 2024, rising to the world's third largest wafer foundry with a market share of 6%, just behind TSMC and Samsung. In addition, in the first quarter of 2024, the revenue of global wafer foundry industry fell by 5% month on month, but increased by 12% year on year, and the demand recovered.

According to the data, SMIC's growth is mainly due to its CMOS image sensor (CIS), power management IC (PMIC), IoT chip and display drive The growth of IC (DDIC) and other businesses, together with the market recovery and demand recovery, has made SMIC surpass UMC in the foundry business and become the world's third largest foundry.

Counterpoint believes that the semiconductor industry has shown signs of demand recovery in the first quarter of 2024. Although this progress is relatively slow, channel inventory has normalized after several consecutive quarters of destocking. At the same time, the agency believes that the strong demand for AI and the recovery of demand for end products will become the main growth force of the wafer foundry industry in 2024.

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