Double-digit jump seen for IC revenue
By Rich Zhu |
March 16, 2010, Tuesday
|
Print Edition
Print Edition
AUTO electronics and green power will propel revenue in China's semiconductor market to rebound by double digits in 2010 after a decrease last year, industry officials said during an integrated circuit fair which opened yesterday.
The revenue is expected to grow 17 percent annually to US$80 billion this year, said Mark Saunderson, president of Global Sources' electronics business unit, citing figures from iSuppli, a US-based IT consulting firm.
In 2009, the revenue fell 6.8 percent annually to US$68.2 billion because of the global financial crisis, iSuppli said.
"China's electronics industry is expected to rebound this year. To fuel this growth, demand for semiconductors is forecast to increase," Saunderson said at a press conference of International IC-China Conference & Exhibition (IIC-China).
Many IC design houses have moved offices to the Chinese mainland from Taiwan, the US and Europe to be closer to their clients, said an official from Atmel, one of the IC firms, at the show.
Besides demand from 3G mobile phones and consumer electronics, green power and auto electronics are expected to boost China's semiconductor market, analysts said.
China's auto sales are set to hit 15 million units in 2010, which will fuel demand for chips and electronic components, said Saunderson.
In 2010, China will become the world's biggest manufacturer of LED (Light Emitting Diode) lights, which use semiconductor components to make more energy-efficient lighting, according to Zheng Haowen, director of LED division under the National High-Tech Enterprise Development Committee.
He said LED investment will run into "several hundred million" (yuan) because overseas companies plan to set up facilities on the Chinese mainland.
The revenue is expected to grow 17 percent annually to US$80 billion this year, said Mark Saunderson, president of Global Sources' electronics business unit, citing figures from iSuppli, a US-based IT consulting firm.
In 2009, the revenue fell 6.8 percent annually to US$68.2 billion because of the global financial crisis, iSuppli said.
"China's electronics industry is expected to rebound this year. To fuel this growth, demand for semiconductors is forecast to increase," Saunderson said at a press conference of International IC-China Conference & Exhibition (IIC-China).
Many IC design houses have moved offices to the Chinese mainland from Taiwan, the US and Europe to be closer to their clients, said an official from Atmel, one of the IC firms, at the show.
Besides demand from 3G mobile phones and consumer electronics, green power and auto electronics are expected to boost China's semiconductor market, analysts said.
China's auto sales are set to hit 15 million units in 2010, which will fuel demand for chips and electronic components, said Saunderson.
In 2010, China will become the world's biggest manufacturer of LED (Light Emitting Diode) lights, which use semiconductor components to make more energy-efficient lighting, according to Zheng Haowen, director of LED division under the National High-Tech Enterprise Development Committee.
He said LED investment will run into "several hundred million" (yuan) because overseas companies plan to set up facilities on the Chinese mainland.
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