Global foundry industry’s revenue: Up by around 9% QoQ and 23% YoY in Q2 2024

Counterpoint Research reported its latest finding on global semicondcutor foundry industry. Below are the findings it shared in its release: The global foundry industry’s revenue increased by around 9% QoQ and 23% YoY in Q2 2024, indicating the industry had already bottomed out despite the relatively slow recovery of the overall logic semiconductor market. AI demand continueto be strong. CoWoS supply remained tight, with potential upsides in capacity expansions focusing on CoWoS-L going forward. Non-AI demand recovery progressed slowly, with underwhelming peak seasons expected for smartphones in Q3 2024, along with a delay in automotive and industrial demand recovery. Chinese foundry players, including SMIC and HuaHong, bottomed out earlier than their global mature node foundry peers, with overall utilization rates returning to above 80%. Likely wafer price hikes for TSMC’s leading-edge nodes including 5/4nm and 3nm for 2025 bode well for the long-term growth of the foundry industry. The global foundry industry’s revenue grew about 9% QoQ and 23% YoY in Q2 2024, according to Counterpoint Research’s Foundry Quarterly Tracker. The sequential growth was mainly driven by strong AI demand. CoWoS supply remained tight, with potential upsides in capacity expansions focusing on CoWoS-L going forward. Despite slowerdemand recovery for non-AI semiconductors, such as those used in...