Global Foundry Market Share (%) | |||||||
---|---|---|---|---|---|---|---|
Foundry Companies | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 |
TSMC | 59% | 59% | 59% | 57% | 59% | 61% | 62% |
Samsung Foundry* | 12% | 13% | 13% | 14% | 13% | 14% | 13% |
UMC | 7% | 7% | 6% | 7% | 6% | 6% | 6% |
SMIC | 6% | 5% | 5% | 6% | 6% | 5% | 6% |
GlobalFoundries | 6% | 6% | 7% | 7% | 6% | 6% | 5% |
Others | 10% | 10% | 10% | 9% | 10% | 8% | 9% |
Read our quarterly PR here: AI Demand Stands Strong Amidst Seasonal Downturn and Slower Recovery for Global Foundry Industry in Q1 2024
• TSMC recorded a sequential decline of 4% in its revenue for Q1 2024 due to the smartphone market's seasonal factors, partly offset by continued AI demand.
• Despite sluggish non-AI demand and TSMC revising down growth projections for the logic semiconductor and foundry industries, inventory destocking over the past 5-6 quarters has cleared the channel, setting the stage for a potential upturn.
• Strong demand for AI semi (TSMC) and the surge in initial pre-orders for the Samsung S24 series will mitigate the foundry industry’s cyclical seasonality in Q1 2024.
• Mature node foundries suffer from low utilization and rising competition. However, our supply chain checks indicate that pricing pressure will remain under control overall.
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