Asia Tech Wire (Aug 23) -- The global foundry industry reported revenue growth of about 9% quarter-over-quarter and 23% year-over-year in the second quarter of 2024, according to a Counterpoint report.

The report shows that the industry is showing a strong rebound despite a slower recovery in the overall logic semiconductor market.

TSMC leads with 62% market share, Samsung is second with 13%, and SMIC and UMC are both third with 6%.

Counterpoint noted that AI demand remains strong, CoWoS supply continues to be tight, and there will be a focus on CoWoS-L for future capacity expansion.

The recovery in non-AI demand is progressing slowly, estimating a weaker-than-expected performance in the peak season of the smartphone market during the third quarter of 2024, and a delay in the recovery of automotive and industrial demand.

TSMC expects that wafer prices for 5/4nm and 3nm advanced processes may increase in 2025, which bodes well for the long-term growth of the foundry industry.