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Counterpoint: SMIC (00981.HK) Ascends to 3rd Largest Foundry Globally in 1Q24
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SMIC (00981.HK) has become the world's third-largest foundry in terms of revenue in 1Q24, according to Counterpoint Research.

SMIC's 1Q market share was 6%, up from 5% last year, overtaking GlobalFoundries (GFS.US) and Taiwan's United Microelectronics Corporation. TSMC (TSM.US) and Samsung's market shares were 62% and 13% respectively in 1Q.

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