China’s largest chip manufacturer, the Semiconductor Manufacturing International Corporation (SMIC) surged to the third place in the global ranking of contract chip manufacturers according to data from research firm TrendForce. At the top of the list is TSMC, which commanded more than half of the market and accounted for 61.7% of the sector’s revenue during this year’s first quarter. SMIC has been under strict US sanctions to prevent the Chinese military from acquiring advanced chips, and according to TrendForce, growth in local orders enabled it to overtake GlobalFoundries and the Taiwanese chip maker United Microelectronics Corporation, or UMC. China’s SMIC […]
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