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Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is the world’s leading foundry by revenue in the first quarter. China’s State-backed SMIC, or Semiconductor Manufacturing International Co, held a market share of 6% in the first quarter, up from 5% last year. This growth places SMIC behind only TSMC and South Korea’s Samsung Foundry, which held 62% and 13% of the market share, respectively, CNBC cites Counterpoint. Also Read: ASML and Taiwan Semi Prep for Potential China-Taiwan Conflict with Remo ....
The global semiconductor market is expected to grow 13.1 percent in 2024 to a record $588.36 billion, following a slump this year, thanks to growing demand for chips used for artificial intelligence, according to a forecast by an industry organization. ....
Global Chip Market: With the global demand for artificial intelligence (AI) and high-performance computing (HPC) exploding, coupled with the stabilising demand for smartphones, personal computers, infrastructure, and resilient growth in automotive; the semiconductor industry is expected to usher in a new wave of growth, according to IDC s latest research. ....
Micron: Sophisticated chips are part of everyday life, used in mobile phones, refrigerators, cars and high-tech industries, so fostering local industry with carefully-crafted schemes and policy sweeteners will link India to an ever-growing global chip market. ....