半导体行业观察·2025-12-21 03:58Core Viewpoint - TSMC has solidified its position as the core pillar of the global foundry market, capturing over 70% market share and achieving a revenue of $33.063 billion in Q3 2025, reflecting a 9.3% quarter-on-quarter growth [1][2]. Group 1: TSMC's Market Position - TSMC's revenue growth is significantly higher than its competitors, with a market share increase to 71% [1]. - The overall foundry market is growing, but TSMC is capturing the most substantial portion of this growth [1][2]. - Other foundry players, such as Samsung and SMIC, are struggling to close the gap in market share despite their revenue increases [2]. Group 2: Intel's Strategic Shift - Intel is aggressively transforming its strategy, focusing on advanced technology and ecosystem restructuring to regain competitiveness in the foundry market [3][4]. - The 14A process node is central to Intel's strategy, utilizing High-NA EUV technology to enhance power efficiency and chip density [4][5]. - Intel's EMIB technology is emerging as a viable alternative to TSMC's CoWoS packaging, addressing the demand for advanced packaging solutions [6][7]. Group 3: Customer Acquisition and ASIC Business - Intel has made significant strides in securing major clients, including Apple, which is expected to utilize Intel's 18A-P process for its M-series chips [8][9]. - Intel is establishing a dedicated ASIC department to provide customized chip solutions, leveraging its manufacturing capabilities to attract clients [10][11]. Group 4: Samsung's 2nm Strategy - Samsung is betting heavily on its 2nm process technology, aiming to turn its foundry business profitable by 2027 [12][13]. - The yield rate for Samsung's 2nm process has improved from 50% to a target of 70%, which is crucial for attracting major clients [13][21]. - Samsung has secured contracts with Tesla and Qualcomm, indicating a successful shift in its client base [14][15]. Group 5: UMC's Differentiation Strategy - UMC is focusing on mature processes and high-value applications, avoiding the high-risk advanced process competition [22][23]. - UMC has made significant progress in advanced packaging, securing a partnership with Qualcomm for high-performance chips [24]. - UMC is also entering the silicon photonics market through collaboration with IMEC, aiming to capture the next-generation high-speed connectivity applications [25][26]. Group 6: GlobalFoundries' Focus on Specialty Processes - GlobalFoundries is concentrating on mature and specialty processes, with a clear strategy to establish a unique position in specific markets [29][30]. - The acquisition of Advanced Micro Foundry enhances GlobalFoundries' capabilities in silicon photonics, positioning it as a leader in this field [31][32]. - GlobalFoundries is also acquiring MIPS to strengthen its computing capabilities, providing clients with ready-to-use IP modules [33][34]. Group 7: European Expansion and Local Manufacturing - GlobalFoundries plans to invest €1.1 billion to expand its Dresden facility, aiming to meet the growing demand for secure and differentiated technology in Europe [35][36]. - The company is also exploring partnerships for local manufacturing in the U.S. to address the increasing demand in key industries [27][37]. Conclusion - The foundry market is evolving, with TSMC maintaining a dominant position while competitors like Intel, Samsung, UMC, and GlobalFoundries are carving out their niches through strategic adjustments and technological advancements [38].