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China top-3 foundries to see combined revenue hit record high in 2021

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digitimes.com
China top-3 foundries to see combined revenue hit record high in 2021, says Digitimes Research
Eric Chen, DIGITIMES Research, Taipei

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China top-3 foundries to see combined revenue hit record high in 2021, says Digitimes Research

China's top-3 pure-play foundries are expected to see their combined revenue grow 16% on year to hit another record high in 2021, buoyed by continued strong demand for power devices, CMOS image sensors, radio-frequency ICs and other chip solutions demanding specialty-node manufacturing, according to Digitimes Research.

Combined revenue of Semiconductor Manufacturing International (SMIC), Huahong Group and CSMC Technologies surged over 20% to a record high of US$6.3 billion in 2020, Digitimes Research said.

Despite negative macro factors including the ongoing COVID-19 pandemic and US-China trade war, the top-3 pure-play foundries will still enjoy a strong 2021 as customers continue to ramp up orders particularly those demanding specialty process fabrication. Favorable product mix and wafer ASPs are also contributing factors.

Combined revenue of China's top-3 pure-play foundries will come to US$7.3 billion in 2021, a record high for the second consecutive year, forecasts Digitimes Research.

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