SMIC surpassed GlobalFoundries and UMC for the first time and became the world's third largest foundry

According to the latest report, SMIC surpassed GlobalFoundries and UMC for the first time in the global foundry rankings and successfully jumped to the third place. This was mainly due to the promotion of consumer inventory replenishment orders and the trend of localization. In the first quarter, SMIC's market share reached 5.7%, and its revenue increased by 4.3% to US$1.75 billion. This performance exceeded that of other competitors.