China semiconductors hold 50% globally
By Zhu Shenshen |
March 7, 2013, Thursday
|
Print Edition
Print Edition
CHINA'S semiconductor market now probably accounts for more than 50 percent of the global market, PricewaterhouseCoopers said yesterday.
The government policy support, a flourishing semiconductor design sector and huge demand were cited as factors for the achievement, PwC said.
At the end of 2011, China's semiconductor market contributed 47 percent to the global market, from 19 percent at the end of 2003.
"China has launched ambitious policy initiatives to develop specific next-generation technologies," said Gao Jianbin, analyst at PwC China.
The country's semiconductor market will benefit from China's rapid urbanization, rising consumer consumption and green energy programs, Gao said.
China's semiconductor market grew 34 percent in the past four years, double the global growth rate, on rising demand for smartphones and advanced TV sets, PwC said, adding that exports have been driving the growth of China's semiconductor market in the last decade.
China has identified semiconductors as one of the strategic industries in its 12th Five-Year Plan for the period between 2011 and 2015, according to the Ministry of Industry and Information Technology.
The government policy support, a flourishing semiconductor design sector and huge demand were cited as factors for the achievement, PwC said.
At the end of 2011, China's semiconductor market contributed 47 percent to the global market, from 19 percent at the end of 2003.
"China has launched ambitious policy initiatives to develop specific next-generation technologies," said Gao Jianbin, analyst at PwC China.
The country's semiconductor market will benefit from China's rapid urbanization, rising consumer consumption and green energy programs, Gao said.
China's semiconductor market grew 34 percent in the past four years, double the global growth rate, on rising demand for smartphones and advanced TV sets, PwC said, adding that exports have been driving the growth of China's semiconductor market in the last decade.
China has identified semiconductors as one of the strategic industries in its 12th Five-Year Plan for the period between 2011 and 2015, according to the Ministry of Industry and Information Technology.
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