(SMIC) surged to become the world's third-largest chip manufacturer by revenue in the second quarter. The firm achieved a 5.4% market share, surpassing GlobalFoundries, with a 20% revenue growth rate.
Market research firm TrendForce reports that SMIC's growth was the fastest among the top ten foundries. Meanwhile, maintained dominance with a 72.5% market share and 12.1% sequential growth, while Samsung Foundry's share declined from 6.5% to 5.9%.
The shift occurs as Samsung, SK hynix, and Micron pivot resources toward high bandwidth memory (HBM) chips. Samsung confirmed it will utilize its 4-nanometer node for HBM base dies, despite seeing a modest 1.8% sequential revenue increase this quarter.