Global Foundry Industry Soars with 23% YoY Revenue Boost in Q2 2024

GlobalFoundries sees a remarkable 23% year-over-year revenue increase in Q2 2024, highlighting strong growth and strategic advancements in the semiconductor industry.
The semiconductor industry’s news holds immense significance due to its pervasive influence on modern technology. From smartphones and computers to automotive and medical devices, semiconductors are integral to numerous products and sectors worldwide. Staying updated on international semiconductor news allows businesses and consumers to understand market trends, product developments, and potential disruptions in supply chains, impacting global industries.
GlobalFoundries sees a remarkable 23% year-over-year revenue increase in Q2 2024, highlighting strong growth and strategic advancements in the semiconductor industry.
SMIC’s plan to build four new 12-inch wafer fabs in Beijing, Shanghai, Tianjin, and Shenzhen is a significant milestone in its growth strategy.
The development centers around Qualcomm’s interest in acquiring parts of Intel’s chip design business.
"If India wants to be a global semiconductor powerhouse, we need at least 10 fabs,"
~Ajit Manocha.
Broadcom's market capitalization has surged from $230 billion at the end of 2022 to over $700 billion by 2024.
TSMC's 3nm technology is fully utilized, driven by Intel’s Lunar Lake and Apple’s iPhone 16.
Instead of using its own manufacturing process, Intel will rely on external foundries, most likely TSMC, to manufacture all chip components for the Arrow Lake series.
The testing involved sending silicon wafers through Intel's most advanced process, with Broadcom receiving the results last month.
The agreement will facilitate the entry of Singaporean firms into India’s growing semiconductor sector.
Apple’s global revenues to surpass $400 billion for first time this year.