China has become the world's largest and
fastest-growing integrated chip (IC) market, experts said Wednesday at
the ongoing IC China 2020 expo held in Shanghai.
IC industry has seen an average compound annual growth rate of more
than 20 perp. In 2019, the country's IC industry reached a size of
more than 700 billion yuan (103.1 billion U.S. dollars), up by 15.8
perp year on year, said Yang Xudong, an official with the Ministry of
Industry and Information Technology.
the country accounts for nearly 50 perp of the global market share,
Yang noted, adding that foreign-invested enterprises contribute more
than 30 perp of IC sales revenue on the Chinese mainland.
semiconductor industry is a global industry, and no country is isolated
from the entire industrial chain, said Keith D. Jackson, 2020 chair of
the Washington-based Semiconductor Industry Association, at the event,
adding that the Chinese government has abided by its commitments to
opening up and stabilizing foreign trade and investment, which has
bolstered the confidence of foreign enterprises.
Zixue, chairman of the China Semiconductor Industry Association, said
despite the COVID-19 pandemic, the rise in demand for online office,
video conferencing, and online lectures brought new opportunities for
the semiconductor industry.
future, China's semiconductor industry will continue to strengthen
cooperation and communication with the global semiconductor industry,
expand opening-up and share the fruits of global semiconductor industry
development," Zhou said.