Electronic revenue soars due to boom
By Zhu Shenshen |
March 29, 2011, Tuesday
|
Print Edition
Print Edition
THE booming electronics component and mobile phone sectors boosted revenue in China's electronics manufacturing industry by 21.6 percent year on year in the first two months, the Ministry of Industry and Information Technology said yesterday.
But the growth in revenue of TV, computer and camera sectors slowed or even declined in the two months, the ministry said.
In January and February, the revenue of the electronics manufacturing sector totaled 970.6 billion yuan (US$147 billion), according to the ministry, the country's IT industry regulator.
"It's a nice start for this year. We have seen strong growth in the component sectors but slow expansion in computer and home appliance sectors," the ministry said.
In the first two months, the electronics component revenue jumped an annual 35.9 percent to 165.7 billion yuan as manufacturers tap the growing integrated circuit and LED (light emitting diode) sectors.
China's top semiconductor firms, including Semiconductor Manufacturing International Corp and Huahong, are expanding production and doing research to improve technology to catch up with global levels.
SMIC will invest at least US$12 billion within the next five years to boost production capacity and improve technology, the biggest made-to-order chip manufacturer on the Chinese mainland said recently.
But the growth in revenue of TV, computer and camera sectors slowed or even declined in the two months, the ministry said.
In January and February, the revenue of the electronics manufacturing sector totaled 970.6 billion yuan (US$147 billion), according to the ministry, the country's IT industry regulator.
"It's a nice start for this year. We have seen strong growth in the component sectors but slow expansion in computer and home appliance sectors," the ministry said.
In the first two months, the electronics component revenue jumped an annual 35.9 percent to 165.7 billion yuan as manufacturers tap the growing integrated circuit and LED (light emitting diode) sectors.
China's top semiconductor firms, including Semiconductor Manufacturing International Corp and Huahong, are expanding production and doing research to improve technology to catch up with global levels.
SMIC will invest at least US$12 billion within the next five years to boost production capacity and improve technology, the biggest made-to-order chip manufacturer on the Chinese mainland said recently.
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