11 Mar 2022 -
 General

Mainland Chinese foundries accounted for 8.5% of the global share

After a 2% decline in 2019, the global foundry market achieved a strong rebound of 21% in 2020, driven by sales of 5G smartphone application processors and other telecom equipment, according to the latest report from IC Insights.

The foundry market continued its growth surge in 2021, registering a 26% jump. If IC Insights’ 20% increase now forecast for the foundry market in 2022 comes to fruition, the 2020-2022 time period would mark the strongest three-year growth span for the total foundry market since 2002-2004.

IC Insights pointed out that nine of the top-12 foundries in 2021 were based in the Asia-Pacific region. Europe-headquartered specialty foundry X-Fab, Israel-based Tower (now expected to be acquired by Intel), and U.S.- headquartered GlobalFoundries were the only non-Asia-Pacific companies in the top-12 ranking last year.

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