China’s semiconductor industry, one that will make the core components of smartphones and PCs, is growing fast. If you said "hey wait, supplying semiconductors for consumer electronics sounds like more of a Taiwan thing," you'd be right but outdated.
China’s semiconductor sector is thriving on investment from the Beijing government’s National IC Industry Investment Fund, Taipei-based market research firm TrendForce says in a media statement in October. China already has the world’s biggest semiconductor market, so more work on components helps perfect a domestic supply chain and reduces reliance on imports. Annual revenue from Chinese semiconductors this year will reach 517.6 billion yuan ($78 billion), up 19.4% over 2016, TrendForce forecasts. Revenue will grow 20% this year to a new record, the research firm says. Average growth worldwide is expected at just 3.4%.
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China’s semiconductor sector is thriving on investment from the Beijing government’s National IC Industry Investment Fund, Taipei-based market research firm TrendForce says in a media statement in October. China already has the world’s biggest semiconductor market, so more work on components helps perfect a domestic supply chain and reduces reliance on imports. Annual revenue from Chinese semiconductors this year will reach 517.6 billion yuan ($78 billion), up 19.4% over 2016, TrendForce forecasts. Revenue will grow 20% this year to a new record, the research firm says. Average growth worldwide is expected at just 3.4%.
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