Taiwan Semi Leads While China's SMIC Climbs to Third in Global Chip Market
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (TSMC) leads the global chip market by revenue in Q1, while China's SMIC climbs to third place. TSMC holds 62% market share, followed by Samsung Foundry at 13%, and SMIC at 6%. SMIC's revenue increased by 19.7% YoY, driven by demand recovery in China. TSMC projects 10% annual growth in the semiconductor industry, excluding memory chips, and expects up to 30% Q2 sales growth.
May 24, 2024 | 3:43 pm
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POSITIVE IMPACT
TSMC, a key supplier to Nvidia, projects up to 30% Q2 sales growth driven by the AI frenzy. This could positively impact Nvidia's supply chain and sales.
As a key supplier to Nvidia, TSMC's strong sales growth projections driven by AI demand are likely to benefit Nvidia's supply chain and sales, positively impacting its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
TSMC remains the global leader in the chip market with a 62% market share in Q1. The company projects 10% annual growth in the semiconductor industry and expects up to 30% Q2 sales growth.
TSMC's dominant market position and positive growth projections are likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100