Technology
The Smart Home of Tomorrow
Today, people want everything to be “smart”.
Smart phones, smart appliances, smart autos, smart cities, smart grids, and even smart trash cans are either already in our lives today, or will be in our near future.
In some cases the “smart” moniker may be applied loosely to new products, but the trend is real and overarching. It all stems from spreading adoption of the internet of things. With smart technology, many objects that were once quite simple are now automated, controlled by a phone, or optimized based on your personal preferences – and over time, this is going to change many aspects of our personal and professional lives.
One “smart” trend that is on a trajectory to impact almost everyone is one that concerns the most basic rung of our hierarchy of needs: our shelter.
Introducing The Smart Home of Tomorrow
Today’s infographic from Vibrant Doors shows how the new smart home will change everyday living for most people. It also shows consumer preferences, expected demand, and the obstacles to widespread adoption of this new “smart” technology.
The biggest obstacle for adoption of smart home technology is an interesting one: choice.
It’s expected that the smart home market will be worth $122 billion by 2022, and every company wants a piece of that pie. As a result, there is a multitude of brands trying to solve the smart home equation in order to break through as market leaders for this technology. The names in this battle range from giant tech companies like Apple, Amazon, Samsung, and Alphabet, to upstart competitors focusing on small niches within the home.
Consumers, for the most part, are willing to wait until the timing is right. Currently there is intense competition in the early stages of the smart home market and consumers are willing to watch brands duke it out. After all, adopting smart home devices and infrastructure is not cheap, and consumers only want to buy brands that are going to stand the test of time.
Technology
Ranked: Largest Semiconductor Foundry Companies by Revenue
Most of the 10 largest semiconductor foundries in the world, are headquartered in just three Asian countries, accounting for 90% of the entire industry’s revenue.
Ranked: Largest Semiconductor Foundry Companies by Revenue
They’re in our phones, cars, planes, and even fridges.
Semiconductor chips have become critical for the modern way of life, and the biggest semiconductor foundry companies rake in billions of dollars from widespread demand.
This chart shows the largest semiconductor foundry companies by their percentage of global revenues in Q1 2023, using data sourced from Trendforce.
Semiconductor Foundry Companies by Revenue
At the top of the list and dwarfing every other company by revenue share is TSMC which earned 60% (or nearly $17 billion) of the entire industry’s revenue in Q1 2023.
Founded in 1987, TSMC is a pure-play foundry that has become Taiwan’s largest company and manufactures products for a host of clients including Apple, NVIDIA, and AMD.
| Rank | Company | Country | Revenue (Q1 2023, USD) |
|---|---|---|---|
| 1 | TSMC | 🇹🇼 Taiwan | $16,735M |
| 2 | Samsung | 🇰🇷 South Korea | $3,446M |
| 3 | GlobalFoundries | 🇺🇸 US | $1,841M |
| 4 | UMC | 🇹🇼 Taiwan | $1,784M |
| 5 | SMIC | 🇨🇳 China | $1,462M |
| 6 | HuaHong Group | 🇨🇳 China | $845M |
| 7 | Tower Semiconductor | 🇮🇱 Israel | $356M |
| 8 | PSMC | 🇹🇼 Taiwan | $332M |
| 9 | VIS | 🇹🇼 Taiwan | $269M |
| 10 | DB Hitek | 🇰🇷 South Korea | $234M |
| Other | $556M | ||
| Global Total | $27,860M |
Note: Revenue based on the following conversion rates: USD 1 = WON 1,276; USD 1 = NTD 30.4.
Well behind TSMC in foundry revenues is integrated device manufacturer Samsung, the biggest company in South Korea, which made $3.4 billion (12.4% of the industry’s revenue) from its semiconductor manufacturing business.
GlobalFoundries from the U.S., UMC from Taiwan and SMIC from China round out the top five, with each taking home around 6% of industry’s revenue share in Q1 2023. The former spun out from AMD’s manufacturing arm when the company went fabless in 2009.
Industry concentration is apparent in semiconductors. For example, the top 10 semiconductor foundry companies account for 98% of the entire industry’s revenue. Furthermore, 90% of the market is dominated by companies in just three Asian countries: Taiwan, South Korea, and China.
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