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Market talk: SMIC gains as foundry revenue set for record 3Q growth

TrendForce says global chip foundry revenue is set to extend record growth in 3Q, citing next-gen AI/HPC chip production, seasonal smartphone introductions and concerns over tighter mature-node capacity.

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Global chip foundry revenue is set to extend record growth in 3Q, TrendForce said, with gains driven by rising production of next-generation AI and high-performance computing chips, seasonal smartphone launches and concerns over tighter mature-node capacity. The world's top 10 foundries posted combined revenue of 10, according to the source section.