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Foundry Files

The World’s Fastest Growing Semiconductor Company

  • By: Communications
  • November 14, 2012
  • Category: Business

In the midst of an unstable world economy and an industry that is best known for its volatility, the foundry sector continues to present strong market opportunities. Thanks in large part to the continued success of the fabless business model, analysts have been predicting growth in foundry to significantly outpace the rest of the semiconductor industry as a whole.

Late last week a new study by IC Insights confirmed this trend in a big way. The firm released its projections for the top 20 leading semiconductor suppliers in 2012, and the list saw three pure-play foundries in the mix. Combined, these foundries are forecast to log a 16% increase in year-on-year sales from 2011 to 2012, which is “quite impressive considering the expected 2% decline in the worldwide semiconductor market this year,” according to IC Insights. The firm predicts strong demand over the next few years, buoyed by continued growth of fabless companies as well as the strong movement by many Integrated Device Manufacturers (IDMs) to the fab-lite business model.

This year’s study is especially significant for GLOBALFOUNDRIES. We jumped six spots to break into the top 20 for the first time, and IC Insights projects our revenue to grow 31% over 2011, which would make us the fastest growing semiconductor company in the world! IC Insights attributes this growth to our strong performance in 2012:

[I]t is obvious that GF’s current spike in revenue is being driven mostly by its success in attracting new IC foundry customers . . . .  As a result of its excellent performance this year, GF is forecast to replace Elpida and move into the top 20 ranking for the first time, rising from the 21st spot in 2011 to 15th place in 2012.

We could not be more pleased to see industry watchers recognizing the transformation that has taken place at GF. But while we pause for a moment to celebrate, we still have much work to do to continue this momentum and execute for our customers.

Mike Noonen is Executive Vice President, Worldwide Marketing and Sales, for GF. In this role, he is responsible for global customer relationships as well as all marketing, sales, customer engineering and quality functions.

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