24
May
The semiconductor industry has a new major player: China's Semiconductor Manufacturing International Corporation (SMIC) has secured the title of world's third largest chip foundry by revenue in the first quarter of 2024. This achievement comes amidst a period of strong domestic demand within China and highlights the country's growing ambitions in the chipmaking sector. Ranked by market share of major chip manufacturers in the world. Photo: Counterpoint SMIC's Rise to Third Place SMIC's ascent to the top ranks is a significant development. According to tech research firm Counterpoint, the company now holds a 6% market share in global chip foundry…