It was a challenging year for foundries in 2023 as high inventory levels, a weak global economy and continued slowing in the Chinese market led to a down cycle. The top 10 foundries dropped 13.6 annually to reach $111.54 billion in revenue, according to new data from TrendForce.
Source: TrendForce The good news is that TrendForce expects 2024 to be brighter with an expected boost to annual revenue of 12% to $125.24 billion.
Of the top 10 foundries, Taiwan Semiconductor Manufacturing Co. (TMSC) will exceed this average growth. TrendForce said the top five foundries will expand their share to 88.8% this year with TSMC claiming a whopping 60% alone.
Q4 results
In the fourth quarter, TSMC’s revenue jumped 14% over the quarter to $19.7 billion due to smartphones, notebooks and artificial intelligence (AI)-related high-performance computing (HPC).
Samsung received new orders for smartphone electronic components as well as main chips and modems, but it was not enough as the company lost 1.9% in the quarter to $3.6 billion. GlobalFoundries grew 5% in the quarter while Chinese foundry Semiconductor Manufacturing International Corp. (SMIC) saw a 3.6% increase in the fourth quarter.
