[November 8, 2024] – Semiconductor Manufacturing International Corporation (SMIC), China’s leading semiconductor foundry, today announced its financial results for the third quarter of 2024, reporting record-breaking revenue of US$2.17 billion. This represents a 14% sequential increase and a 34% year-over-year surge, marking the first time the company has exceeded the
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The third quarter of 2024 painted a mixed picture for the foundry industry, with some vendors celebrating profits while others grappled with losses. This highlights the diverse landscape of this crucial sector of the semiconductor world.
Samsung:
Overall Q3 2024 Sales: 79.1 trillion won ($57.4 billion) – Up
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November 5, 2024 — GlobalFoundries, the world’s third-largest semiconductor foundry, has been fined $500,000 by the U.S. Bureau of Industry and Security (BIS) for unauthorized shipments of chips to SJ Semiconductor, an affiliate of the blacklisted Chinese chipmaker SMIC. The fine follows a Reuters report detailing 74 unlicensed shipments valued
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DALLAS and AIZU, Japan, Oct. 24, 2024 /PRNewswire/ — Texas Instruments (TI) (Nasdaq: TXN) today announced it has begun production of gallium nitride (GaN)-based power semiconductors at its factory in Aizu, Japan. Coupled with its existing GaN manufacturing in Dallas, Texas, TI will now internally manufacture four times more GaN-based
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Executive Summary
In Q3 2024, X-FAB reported revenues of USD 206.4 million, marking a 12% decline year-on-year but a slight increase of 1% quarter-on-quarter. The company’s bookings amounted to USD 217.1 million, resulting in a book-to-bill ratio of 1.05, reflecting a robust demand despite market challenges. EBITDA was reported at
Oct. 24, 2024 —- The latest investigations by TrendForce reveal that Chinese foundries are set to drive the bulk of mature process capacity growth in 2025, thanks to China’s domestic IC substitution policies. It is estimated that the capacity of the world’s top 10 mature process foundries will increase by 6%
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