Of the top 10 semiconductor foundries by revenue, four are Taiwanese, more than any other country. These include first-place TSMC (53.7% market share) and number-two United Microelectronics Corp. (UMC) with a 9.9% market share. Both companies enjoyed double-digit growth in 2014, while their closest Chinese competitor, Semiconductor Manufacturing International Corp. (SMIC), the world's fifth-largest foundry with a 4.2% market share, saw its revenue contract by 4.8%.