China surpasses Japan and U.S. to become the world's largest integrated circuit market
February 20, 2023
China Overtakes Japan and U.S. to Become the World's Largest Integrated Circuit Market Yu Zhongyu, chairman of the China Semiconductor Industry Association, said at the 2007 China Semiconductor Market Annual Conference held in Shanghai that in 2006, China has surpassed Japan and the United States to become the largest in the world. Integrated circuit market.
According to reports, in 2006 China's entire semiconductor market exceeded 580 billion yuan, of which the IC market accounted for the vast majority. In 2006, the sales volume of China's integrated circuit market was 486.25 billion yuan, a year-on-year increase of 27.8%.
The scale of China's integrated circuit industry has grown from 1 billion in the early 1990s to more than 10 billion in 2000. It took nearly 10 years, and from 10 billion yuan to 100 billion yuan, it took only 6 years. time.
Yu Zhongyu said that in the wake of the acceleration of semiconductor market at home and abroad, China's integrated circuit industry re-entered the track of rapid growth in 2006. The total domestic integrated circuit production reached 35.56 billion pieces, an increase of 36.2% year-on-year. From the perspective of growth rate, the year-on-year growth of sales revenue and total output of the domestic integrated circuit industry in 2006 was significantly higher than the 28.8% and 19% growth in the same period of 2005.
According to CCID Consulting, a subsidiary of the China Electronic Information Industry Development Research Institute (Capital Group) of the Ministry of Information Industry, the average annual compound growth rate of sales revenue of China's IC industry will reach 27.7% during the five years from 2007 to 2011. By 2011, China's IC industry sales will exceed 300 billion yuan, reaching 341.544 billion yuan. By then, China will become one of the world’s major integrated circuit manufacturing bases.
