At the second quarter of 2019, SMIC officially announced 14nm entry into risk production, which is expected to bring a certain percentage of revenue to the company by the end of this year. At this point, foundry in mainland China has entered a new historical stage.
As a latecomer to the foundry industry, mainland China has been striving to catch up with the industry's most advanced process technology. Nowadays, the 14nm process has finally reached mass production, which has brought the level of integrated circuit manufacturing technology in mainland China closer to the industry leader TSMC, and further consolidated SMIC's leading position in the field of foundry in the mainland China.
In terms of manufacturing technology, TSMC has already mass-produced the 7nm process in 2018 and will enter the 5nm node in 2020. Samsung's 7nm EUV process is expected to be mass-produced in January 2020, and 5nm is expected to be mass-produced in 2021. Intel's 10nm process has been postponed, and UMC and Globalfoundries have announced to temporarily put aside 7nm process development.
In terms of revenue market share, SMIC ranked fifth in the global TOP10 foundry rankings in the second quarter of this year, with a market share of 5.1%. As the most advanced foundry company in mainland China, SMIC's manufacturing technology lags behind the industry leader, but its growth rate has indeed exceeded expectations.