b2b-daily
Home | IT | Hardware

SMIC Rises as World’s Third-Largest Chipmaker Despite Sanctions

Avatar photo
by Bairon McAdams
June 17, 2024
SMIC Rises as World’s Third-Largest Chipmaker Despite Sanctions

In the first quarter of 2024, Semiconductor Manufacturing International Corporation (SMIC) has boldly secured its stance as the world’s third-largest contract chip manufacturer. The China-based SMIC has accomplished a significant feat by acquiring a 6% share of the global market, now standing alongside the likes of GlobalFoundries. As per the report by Counterpoint Research, SMIC has not merely outranked Taiwan’s UMC, but has done so under the weight of formidable U.S. sanctions that have limited its access to the most advanced technologies.

SMIC’s audacious push in a complex milieu has been powered by Chinese government subsidies, which have enabled substantial investments into the company’s capabilities. Notably, despite stringent trade barriers, SMIC has made impressive inroads by developing a processor outfitted with 5nm transistors. Such advances defy the global expectations shaped by the extensive restrictions placed upon them and demonstrate a tenacity in the face of international challenges.

Market Dynamics and Challenges

The titan of chip production, Taiwan Semiconductor Manufacturing Company (TSMC), firmly stands atop the industry mountain with a commanding 62% stake. Samsung Foundry trails with a 13% share. However, amidst market fluctuations harming consumer tech and smartphone sales—affecting peers like UMC and GlobalFoundries—SMIC is witnessing a rise. Even as sanctions attempt to stymie its progress, state support boosts SMIC, positioning it as a force in legacy node production. SMIC’s growth mirrors China’s burgeoning clout in semiconductors, impacting a swath of industries from mobile tech to IoT. This expansion not only alters the competitive field but highlights how trade restrictions can paradoxically spell advantage for firms like SMIC, turning constraints into market prowess.

As the semiconductor sector ebbs and flows, a striking picture emerges: a stirring mix of innovation, tenacity, and the evolving power of international trade dynamics. Such developments underscore the multifaceted effects of geopolitical maneuvers on this high-stakes tech chessboard.

Digital Transformation

Explore more

Master the Human Edge to Beat Modern Hiring Algorithms
June 16, 2026

The contemporary recruitment environment requires an unprecedented level of strategic precision to ensure that an individual’s unique value is not discarded by an automated filter before a human eyes the resume. While technology promises efficiency, the reality for many is a grueling cycle of silence and automation. This friction has created a landscape where the standard rules of job seeking

How Will Agentic AI Redefine the Corporate Finance Model?
June 16, 2026

The relentless pursuit of technological efficiency often leaves the very departments that fund global innovation operating on legacies of fragmented spreadsheets and manual reconciliation efforts. In many high-growth technology organizations, a striking contradiction remains visible where the creators of cutting-edge software still manage their own internal books through labor-intensive processes. This friction creates a bottleneck that limits the speed of

Content Creation Careers Will See Robust Growth Through 2034
June 16, 2026

The transition from digital hobbyism to institutional media powerhouses has transformed the once-nebulous concept of social media influence into a rigorous, high-stakes corporate discipline that now serves as the primary engine for global brand growth. As of 2026, the digital landscape has shifted from a chaotic frontier of hobbyists into a structured, high-stakes industry where a single piece of media

Why Is CRM and Trading Platform Integration Essential?
June 16, 2026

The split-second decisions that define success in the modern forex market leave no room for delayed responses or fragmented data streams that hinder a brokerage’s ability to capitalize on high-value client opportunities. Within the first 48 hours of lead registration, a window of opportunity exists where conversion rates are at their peak. However, many brokerages fail to realize that delayed

What Are the Best Transactional Email Platforms for 2026?
June 16, 2026

The split-second window between a user’s interaction with a mobile application and the arrival of a confirmation email represents the most critical frontier in the battle for modern consumer confidence. In an era where digital services are judged by their responsiveness, the infrastructure supporting automated communication has evolved from a back-end utility into a primary pillar of the user experience.