Smartphone shipments in the Chinese market are expected to reach 78.6 million units in the fourth quarter of 2024, with a projected decline of 8.9% in the first quarter of 2025.
Reports indicate that the Trump administration is considering revising incentive agreements under the CHIPS and Science Act (commonly referred to as the ‘CHIPS Act’), potentially affecting TSMC and GlobalWafers through delays in upcoming funding timelines.
The semiconductor industry is bracing for a potential shake-up amid reports that the US government is pushing for Intel to spin off its manufacturing operations into a new entity, with TSMC participating in a joint venture. TSMC, which controls more than 60% of the global foundry market, would bring its technical expertise and manufacturing leadership to the venture. If realized, this move could alter the global semiconductor supply chain, reshaping alliances, competitive dynamics, and technological leadership.