E-mail lunthesis@163.com Phone 0551-65179860-203

China has become world's largest, fastest-growing IC market

Pub Date:2020-10-15 08:50 Source:Xinhua

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.

China's 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.

Currently, 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.

The 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.

Zhou 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.

"In the 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.


Editor:Rita

Related News
- (Anhui's achievements in the 13th Five-Year Plan period) ...    2020-11-26 14:57
- Increased consumption to fuel China's growth    2020-11-26 09:00
- (Anhui's achievements in the 13th Five-Year Plan period) ...    2020-11-25 10:32
- (Anhui's achievements in the 13th Five-Year Plan period) ...    2020-11-24 14:57
 
photo  >>
Feixi Railway Station nearing completion
Snow scenery of Huoshan Mountain in east China's Anhui
Video  >>
Hongcun Village: a taste of Hui-style in E China's Anhui
Discovering Anhui: Infrastructure development -- the road out of poverty
People  >>
After years of struggle, villager and village escape from poverty
(Anhui's achievements in the 13th Five-Year Plan period) Anhui improves livelihood in 2016-20 period
Travel  >>
Huangshan Mountain sees this winter's first snowfall
18 cities told to prepare for cold snap
Contact Us
Copyright ©2000-2016 anhuinews.com All rights reserved. Reproduction in whole or in part without permission is prohibited.