✦ LIBER ✦
China largest IC market in 2005, but production to remain small
- Publisher
- Elsevier Science
- Year
- 2006
- Tongue
- English
- Weight
- 52 KB
- Volume
- 19
- Category
- Article
- ISSN
- 0961-1290
No coin nor oath required. For personal study only.
✦ Synopsis
China's IC market grew 32% to $40.8bn in 2005, making it, for the first time ever, the largest regional IC market in the world, according to IC Insights' McClean Report 2006.The 32% increase was much greater than the 8% growth rate the total worldwide IC industry displayed in 2005. From 2000 through 2005, the Chinese IC market registered a compound annual growth rate (CAGR) of 33%, compared to -8% for the Americas. In 2005, China represented 21% of the world's $192.4bn in IC consumption, up from 6% in 2000. As recently as 2000, the Americas market was over five times the size of China's.