We are talking about companies that only produce chips
The Chinese company SMIC appears to be one of those that have benefited significantly from the sanctions imposed on China and Huawei. The company has reportedly become the world's second-largest semiconductor manufacturing enterprise by revenue.
It’s worth saying right away that in this case we are talking only about those companies that are exclusively engaged in the production of chips. That is, such giants as Intel or Samsung do not fall here.
The leader, of course, remains TSMC, but SMIC managed to bypass both GlobalFoundries and UMC. SMIC's first-quarter revenue was $1.75 billion, slightly higher than the last two companies mentioned. Of course, the Chinese company is very far from TSMC with its 18.87 billion. Intel and Samsung are also noticeably ahead, but in reality the difference is only two to three times.
On the other hand, SMIC's net income of $71.8 million was much less than that of GlobalFoundries, and UMC, which earned $174 and $327 million, respectively.
It can also be noted that SMIC’s revenue grew by almost 20% over the year.