McClean Report November 2025: Pure-Play Foundry Leaders and Forecast

The global foundry market surged 24% in 2024 to $151.4 billion, driven by AI demand, automotive growth, and advancements in technology and packaging.

The global foundry market, comprising both pure-play foundries and integrated device manufacturers that provide foundry services, increased by 24% in 2024 to reach $151.4 billion, marking a new record high for the sector. The market rebounded following a 14% decline in 2023, thanks largely to increased demand for AI and datacenter chips and growth in automotive electronics. The market was also spurred by technological advancements, including process node shrinks primarily by the large players, advanced packaging innovations such as 2.5D/3D stacking and fan-out wafer-level packaging, healthy capacity utilization, improved supply-demand balance, and higher pricing at advanced nodes. The industry was further boosted by geopolitical influences such as reshoring and economic incentives to increase reliance on domestic foundry capabilities.