The TrendForce report indicates mixed news for GlobalFoundries. In Q1 2024, GlobalFoundries experienced a significant QoQ revenue drop of 16%, falling to the fifth position in market share due to declines in orders from the automotive, industrial equipment, and traditional data center sectors. The overall market saw a 4.3% decline in revenue, with SMIC overtaking GlobalFoundries and UMC to reach the third spot.
https://www.trendforce.com/presscenter/news/20240612-12184.html