Huawei made a big impact with the Kirin processor developed together with SMIC. China-based chip manufacturer of SMIC It was stated that it achieved record-breaking growth. According to the company’s 2024 first quarter revenues, world’s third largest chip manufacturer It turned out to be.
SMIC becomes the world’s third largest chipmaker
SMIC, China’s largest chip manufacturer, surpassed Intel with its latest earnings report. According to the research TSMCholds 62 percent of the market. Right behind it with a 13 percent share. Samsung Electronics It is located. Now, SMIC is in the third place with a production of 6 percent.
Data for the first quarter of the year came from production with Huawei and other partners. SMIC, the great alternative to restrictions imposed by the USA, in the first quarter $1.75 billion revenue He announced that he got it. We should point out that most of it comes from Chinese partners.
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However, the rise of SMIC has also brought controversy. Huawei In Mate 60 series produced by SMIC Kirin 9000s The discovery of its processor raised the issue of whether it violated US sanctions. Both SMIC and Huawei have dealt with US scrutiny.
On the other hand, the global chip market shrank by 5 percent in the first quarter due to stagnant demand from smartphones, IoT and automotive sectors. It was also stated that companies cut production by investing in artificial intelligence chips.
SMIC seems to maintain its third place position from Intel. We will see over time what the companies working on the 2nm processor with Huawei will do.