The analysis agency gave the performance of the world's top ten chip foundries in 2022, and found that the performance of Chinese chip manufacturers was particularly impressive, with a growth rate far exceeding that of TSMC. for disappointment.
The analysis pointed out that in 2022, three chip foundries in China have entered the top ten in the world. Among them, Jinghe Integration has the highest growth rate, and the growth rate of Jinghe Integration is as high as 92.6%, ranking first among the top ten chip foundries in the world. ; In 2021, Jinghe Integrated will rank among the top ten chip foundries in the world for the first time, and its growth rate will also rank first.
The growth rate of Shanghai Huahong is also astonishing, with a growth rate of 51.87% in 2022; the growth rate of China's largest chip foundry SMIC is 39%. China's three major chip foundries are all based on mature technology. The most advanced technology of SMIC, which has the most advanced technology, is only 14 nanometers, Shanghai Huahong's is 28 nanometers, and the most advanced technology of Jinghe Integration is 55 nanometers. It shows that although they are mainly based on mature technology, they can also achieve high growth.
The performance of these three chip foundry companies has achieved such rapid growth because China is actively promoting the localization of chips, and more than 70% of the chips needed for Chinese manufacturing are mature technology chips. Relying on the huge demand in the domestic market, the three major chip manufacturers Industrial companies have benefited a lot; of course, this is also related to domestic chip companies realizing that only domestic chip foundry companies are more reliable.
Previously, TSMC had obtained a large number of chip orders from mainland China. During the peak period, chip companies in mainland China contributed 22% of TSMC's revenue. However, after TSMC stopped producing chips for Huawei, the revenue contributed by mainland China to TSMC dropped rapidly to 6%. , It rebounded last year, but it was only about 10%.
TSMC's performance growth in 2022 is not bad, with a year-on-year growth rate of 42.6% in revenue, setting a new high in performance, but the growth rate lags behind Jinghe Integrated and Shanghai Huahong. However, TSMC has now lost orders for chips from mainland China. , has shown signs of lack of stamina.
TSMC's main income now comes from American chips, which contribute 70% of TSMC's revenue. However, since the second half of last year, the US chip industry has experienced insufficient demand, so it has frequently cut orders, resulting in excess production capacity of TSMC's advanced technology. In desperation, some advanced EUV lithography machines can only be shut down, which has also caused TSMC's growth rate in Q4 in 2022 to be greatly reduced to 21.2%.
After TSMC had overcapacity in advanced technology, it began to turn around and compete with chip companies in mainland China for mature technology orders. TSMC is now expanding its 28nm process capacity in mainland China. How strong the demand is, because the cost of mature technology is lower, and for chip companies that are currently trying to control costs, mature technology is more cost-effective.
However, the cost advantage of mature technology is on the side of chip companies in mainland China. In the face of competition from chip companies in mainland China, Samsung, UMC, and PSMC have all reduced chip foundry prices. It is said that chip foundry prices have dropped by up to 20%. However, due to the rapid development of chip companies in mainland China, these chip companies will of course give priority to orders from SMIC, Shanghai Huahong, and Jinghe Integration in mainland China.
Apparently, the U.S. attempt to prevent China from developing its chip industry by controlling advanced chip equipment has gone bankrupt. The global chip industry’s transition to mature technology is more beneficial to chip companies in mainland China. The arrogance of the United States has caused American chips with advanced technology advantages to suffer huge losses. Even chip manufacturers with advanced chip manufacturing processes such as TSMC and Samsung have also suffered losses.