Taiwan Semiconductor Leads Foundry Market, Samsung and Intel Ramp Up Advanced Process Efforts: Report

Taiwan Semiconductor Manufacturing Co TSM continues to lead the global foundry market, holding a 62% share in the second quarter of 2024. Samsung Electronics SSNLF, which has a 3% market share, follows suit.

Taiwan Semiconductor’s $877 billion market cap reflects a strong demand for artificial intelligence (AI) and a robust semiconductor ecosystem.

Also Read: Taiwan Semiconductor Ramps Up Overseas Investments with $1.95B in Subsidies, Eyes Long-Term Growth

It also looks to double its production capacity for Chip on Wafer on Substrate (CoWoS) technology by 2024.

Additionally, Taiwan Semiconductor intends to raise prices for its 3-nanometer and 5-nanometer process products by up to 8%, a strategic move that could further solidify its market position and enhance profitability.

Taiwan Semiconductor clocked a second-quarter topline growth of 40.1% year-over-year, quashing the analyst consensus backed by strong demand for 3-nanometer and 5-nm technologies.

Samsung Electronics also makes strategic advancements, particularly in AI and high-performance computing (HPC) applications. The company is focusing on advancing its 2nm process to meet future technologies’ high-performance, low-power, and high-bandwidth requirements.

Intel Corp INTC announced plans to introduce 1.4nm ultra-fine processes by 2027. It clocked a second-quarter topline growth of 0.9% year-on-year, trailing the analyst estimate. It shared plans to downsize its workforce by over 15%.

Taiwan Semiconductor stock gained 80% in the last 12 months. Intel plunged over 40%.