Taiwan Semiconductor Manufacturing Co. (TSMC) has further solidified its dominance in the global pure-play wafer foundry market, growing its market share to 67.6 per cent in the first quarter of this year, according to a report by Taipei-based research firm TrendForce Corp, according to reports.

Despite a quarterly revenue drop of 5 percent to $ 25.52 billion, attributed to seasonal slowdowns, TSMC's market share increased from 67.1 percent in the prior quarter. TrendForce credited this outcome to sustained robust demand for artificial intelligence (AI) and high-performance computing (HPC) applications, along with expedited client orders aiming to reduce risks from ongoing U.S. tariff regulations.

TSMC's nearest rival, South Korea's Samsung Electronics, experienced a decline in its market share to 7.7 percent, reduced from 8.1 percent in the previous quarter. Samsung's foundry revenue decreased by 11.3 percent to USD 2.89 billion during the same timeframe.

China's Semiconductor Manufacturing International Corp. (SMIC) held its third-place position with a 6.0 percent market share, surpassing Taiwan's United Microelectronics Corp. (UMC) at 4.7 percent, and the U.S.-based GlobalFoundries at 4.2 percent.

Completing the top 10 were China's Huahong Group (2.7 percent), Taiwan's Vanguard International Semiconductor Corp. (1.0 percent), Israel's Tower Semiconductor (0.9 percent, or $ 35.8 billion), China's NexChip (0.9 percent, or $ 35.3 billion), and Taiwan's Powerchip Semiconductor Manufacturing Corp. (0.9 percent, or $32.7 billion).

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According to reports, the leading 10 foundries generated a total of $ 36.40 billion in sales in the first quarter, which constitutes roughly 97 percent of the worldwide total—up from 96 percent in the previous quarter—despite an overall revenue decline of 5.4 percent across the group.