UMC

TSMC and UMC are competing in the growing semiconductor foundry market, projected to grow at 3.4% CAGR through 2034. TSMC dominates with 73% market share and benefits from AI demand and advanced node expansion, while UMC maintains 4% share with strong 22nm revenues and emerging AI business. TSMC trades below its historical P/E median while UMC trades at a premium, making TSMC the stronger investment choice with a Zacks Rank #2 (Buy) versus UMC's Rank #3 (Hold).

GlobalFoundries has been selected to operate up to two new semiconductor manufacturing facilities in Malta, New York, under a U.S.-Japan investment initiative worth up to $21 billion. The first plant is expected to begin operations in 2029, with each facility adding approximately 900,000 wafers in annual capacity. The company will also reallocate $955 million to invest in silicon photonics, silicon-germanium, and advanced packaging technologies to support AI and data center demand.