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Blacklisted China chipmaker SMIC becomes the world's second-largest pure-play foundry by revenue
China's chip champion steps up.
Semiconductor Manufacturing International Corp. (SMIC), China's largest contract chipmaker, this week announced its financial results for the first quarter of 2023. The company managed to outsell GlobalFoundries and UMC, two of the other pure-play foundries, which it used to trail for years. As for Samsung Foundry, we estimate that it earned around $3.38 billion: we assumed that SF's revenue represents about 82% of Samsung's Device Solutions division revenue, excluding memory, which was around$4.127 billion for both System LSI and Foundry units in Q1 2024.
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