The global foundry industry witnessed a substantial rise in demand in the third quarter of 2023, according to TrendForce. The Top 10 foundries collectively saw their revenue soar to about $28.29 billion, marking a 7.9% increase compared to the previous quarter. Taiwan Semiconductor Manufacturing Co. (TSMC) maintained its No. 1 position as it managed to increase its shipments, whereas Intel Foundry Services found itself in Top 10 for the first time in the recent quarters.
TSMC, the world's largest foundry, posted revenue of $17.249 billion for the third quarter of calendar 2023 and secured a 57.9% foundry revenue market share. TrendForce believes that TSMC's growth was supported by robust demand across various sectors, including PCs and smartphones. One of the most notable drivers of TSMC's revenue was the formal start of Apple's 3nm chips shipments (or rather revenue recognition) in the third quarter. With Apple's A17 Pro smartphone system-on-chip as well as M3, M3 Pro, and M3 Max PC SoCs shipping in high volume, 3nm fabrication technology accounted for 6% of TSMC's total revenue for the quarter, whereas advanced nodes accounted for almost 60% of TSMC's sales.
