14 Dec 2022 -

Top 10 foundries’ revenue grew 6% QoQ for 3Q22

Silicon wafer

The total revenue of the global top 10 foundries rose by 6% QoQ to US$35.21 billion for 3Q22, reports TrendForce.

A major driver was the release of the new iPhone series during the second half of the year which generated significant stock-up activities across Apple’s supply chain.

Regarding individual foundries’ performances in 3Q22, the group of the top five was led by TSMC, followed by Samsung, UMC, GlobalFoundries, and SMIC. Their collective global market share (in revenue terms) came to 89.6%. 

However, the global economy shows weak performances, and factors such as China’s policy on containing COVID-19 outbreaks and high inflation continue to impact consumer confidence. As a result, peak-season demand in the second half of the year has been underwhelming, and inventory consumption is proceeding slower than anticipated. 

A TrendForce spokesperson said on their website, “For 4Q22, TrendForce forecasts that the total revenue of the global top 10 foundries will register a QoQ decline, thereby terminating the boom of the past two years—when there was an uninterrupted trend of QoQ revenue growth.”

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