Taiwan Semiconductor Manufacturing Co. (TSMC) maintained its dominance in the global pure-play wafer foundry market, reaching a 67.1% market share in Q4 2024, up from 64.7% in the previous quarter.

The data comes from Taipei-based informational market advisory firm TrendForce.

The company posted US$26.85 billion in sales, a 14.1% increase, driven by strong demand for smartphones and AI applications.

Samsung Electronics saw its market share drop from 9.1% to 8.1%, with sales declining 1.4% to US$3.26 billion.

The company struggled with lost orders from existing clients, and revenue from new advanced-node customers was not enough to offset the decline.

Other key players included SMIC (5.5% market share), UMC (4.7%), GlobalFoundries (4.6%), and Huahong Group (2.6%).

The top 10 companies generated US$38.48 billion in sales, accounting for 96% of the global market.

Recent TSMC developments