TSMC maintained its leadership position with revenue of $18.85 billion, down 4.1% from the previous quarter. Strong demand for AI systems and the upcoming launch of Apple products are expected to drive growth for the company in the second quarter of 2024.
Samsung Foundry’s revenue fell 7.2% to $3.36 billion due to declines in smartphone sales and capacity utilization issues at advanced nodes. Meanwhile, SMIC rose to third place, with revenue up 4.3% quarter on quarter to $1.75 billion, driven by localized production and consumer electronics demand.
Source: Ferra
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
