TrendForce: Global Top 10 Foundries’ Total Revenue Grew by 6% QoQ for 3Q22

TrendForce released a new survey report, showing that in the third quarter of 2022, the output value of the top ten wafer foundries reached $35.21 billion, with a quarter-on-quarter increase of 6%. After entering the fourth quarter of 2022, with the increase in inventory in Apple’s supply chain, the weak global economy, continued high inflation, and the impact of the epidemic, etc., coupled with a lack of consumer confidence, unsatisfactory demand, and slower-than-expected destocking operations, the order volume has been greatly reduced.

The top five foundries are TSMC, Samsung, UMC, GlobalFoundries, and SMIC, with a combined global share (by revenue) of 89.6%. Most foundries have been affected by customer inventory or large adjustments in orders. Only TSMC’s revenue has increased significantly, largely due to the strong demand for Apple’s new iPhone models this year.

TSMC’s revenue in the third quarter of 2022 was $20.16 billion, an increase of 11.1% quarter-on-quarter, and its market share expanded to 56.1%; Samsung’s market share fell to 15.5%, with revenue of $5.58 billion, a slight decrease of 0.1% month-on-month; UMC’ revenue increased by 3.1% month-on-month to US$2.48 billion; GlobalFoundries’ revenue increased by 4.1% month-on-month to $2.07 billion, and the capacity utilization rate has remained above 90%; SMIC’s revenue increased slightly, up 0.2% month-on-month to $1.91 billion.

TrendForce expects that the total revenue of the top ten foundries in the fourth quarter of 2022 will decline quarter-on-quarter, as consumer semiconductor components continue to slump as the market continues to slump. Orders will be lowered more sharply, entering a correction period, thus ending a two-year boom period.