Ranked: Largest Semiconductor Foundry Companies by Revenue

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Ranked: Largest Semiconductor Foundry Companies by Revenue

Published 2 hours ago on November 20, 2023
By Marcus Lu
Article/Editing:
Pallavi Rao
Graphics/Design:
Miranda Smith
This chart shows the largest semiconductor foundry companies by their
percentage of global revenues in Q1 2023.

Ranked: Largest Semiconductor Foundry Companies by Revenue
They’re in our phones, cars, planes, and even fridges.

Semiconductor chips have become critical for the modern way of life, and
the biggest semiconductor foundry companies rake in billions of dollars
from widespread demand.

This chart shows the largest semiconductor foundry companies by their
percentage of global revenues in Q1 2023, using data sourced from
Trendforce.

ℹ️ We highlight data for companies that only operate foundries
(fabrication plants) that manufacture chips for clients, also known as a
“pure-play” foundries, as well as companies that design and manufacture
their own chips, known as integrated device manufacturers. “Fabless”
manufacturers that only design and don’t manufacture their own chips are
not included.
Semiconductor Foundry Companies by Revenue
At the top of the list and dwarfing every other company by revenue share
is TSMC which earned 60% (or nearly $17 billion) of the entire
industry’s revenue in Q1 2023.

Founded in 1987, TSMC is a pure-play foundry that has become Taiwan’s
largest company and manufactures products for a host of clients
including Apple, NVIDIA, and AMD.

Rank Company Country Revenue
(Q1 2023, USD)
1 TSMC 🇹🇼 Taiwan $16,735M
2 Samsung 🇰🇷 South Korea $3,446M
3 GlobalFoundries 🇺🇸 US $1,841M
4 UMC 🇹🇼 Taiwan $1,784M
5 SMIC 🇨🇳 China $1,462M
6 HuaHong Group 🇨🇳 China $845M
7 Tower Semiconductor 🇮🇱 Israel $356M
8 PSMC 🇹🇼 Taiwan $332M
9 VIS 🇹🇼 Taiwan $269M
10 DB Hitek 🇰🇷 South Korea $234M
Other $556M
Global Total $27,860M
Note: Revenue based on the following conversion rates: USD 1 = WON
1,276; USD 1 = NTD 30.4.
Well behind TSMC in foundry revenues is integrated device manufacturer
Samsung, the biggest company in South Korea, which made $3.4 billion
(12.4% of the industry’s revenue) from its semiconductor manufacturing
business.

GlobalFoundries from the U.S., UMC from Taiwan and SMIC from China round
out the top five, with each taking home around 6% of industry’s revenue
share in Q1 2023. The former spun out from AMD’s manufacturing arm when
the company went fabless in 2009.

Industry concentration is apparent in semiconductors. For example, the
top 10 semiconductor foundry companies account for 98% of the entire
industry’s revenue. Furthermore, 90% of the market is dominated by
companies in just three Asian countries: Taiwan, South Korea, and China.