China’s Semiconductor Manufacturing International Corporation (SMIC) has risen to become the world’s third-largest chip foundry, surpassing GlobalFoundries, according to Counterpoint Research. This milestone underscores SMIC’s rapid technological advancements and strategic growth, driven by significant investments in R&D, government support, and strategic partnerships. Now trailing only Taiwan Semiconductor Manufacturing Company (TSMC) and Samsung Foundry, SMIC’s ascent reflects the shifting dynamics in the semiconductor market amid growing global demand for high-performance computing and 5G applications. This development signifies a shift towards greater self-sufficiency in China’s semiconductor industry, potentially diversifying and bolstering the global supply chain, though SMIC faces ongoing challenges such as intense competition and geopolitical pressures.
https://www.cnbc.com/2024/05/23/chinas-smic-is-now-worlds-third-largest-chip-foundry-counterpoint.html