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Electronics industry expects 3 percent growth
By Zhu Shenshen |
March 9, 2009, Monday
|
Online Edition
Online Edition
REVENUE from China's electronics industry is expected to grow about 2 or 3 percent though the export sector will be heavily affected by the sagging economy, industry officials said at an integrated circuit exhibition in Shanghai today.
China is the world's biggest manufacturing base for the global electronics market.
In 2009, the domestic electronics industry will grow up to 3 percent, thanks to integrated circuits, auto electronics and LCD TVs, according to Yorbe Zhang, chief executive analyst of EE Times Asia.
"It's a crisis but it's also an opportunity for China to upgrade the industry structure to catch up with overseas rivals," Zhang said during IIC 2009 in Shanghai today.
China has announced a package of stimulus plans to support 10 industries, including the electronics sector.
Shanghai and Shenzhen have financed companies to build 12-inch wafer plants in the cities, the most advanced plants in the Chinese mainland.
In the semiconductor manufacturing sector, the key and upstream segment of the electronics industry, China is lagging behind overseas rivals by two or three generations, Zhang added.
In some sectors, companies are little influenced by the financial crisis.
In the embedded chip sector, there is "no winter" globally, an Intel official said.
Microsoft, NEC and NXP attended the fair, which ends tomorrow.
China is the world's biggest manufacturing base for the global electronics market.
In 2009, the domestic electronics industry will grow up to 3 percent, thanks to integrated circuits, auto electronics and LCD TVs, according to Yorbe Zhang, chief executive analyst of EE Times Asia.
"It's a crisis but it's also an opportunity for China to upgrade the industry structure to catch up with overseas rivals," Zhang said during IIC 2009 in Shanghai today.
China has announced a package of stimulus plans to support 10 industries, including the electronics sector.
Shanghai and Shenzhen have financed companies to build 12-inch wafer plants in the cities, the most advanced plants in the Chinese mainland.
In the semiconductor manufacturing sector, the key and upstream segment of the electronics industry, China is lagging behind overseas rivals by two or three generations, Zhang added.
In some sectors, companies are little influenced by the financial crisis.
In the embedded chip sector, there is "no winter" globally, an Intel official said.
Microsoft, NEC and NXP attended the fair, which ends tomorrow.
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