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December 2, 2009

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Electronics industry investment up

CHINA'S fixed-asset investment in the electronics industry in the first 10 months of this year was up 17.5 percent from the same period a year ago, with increases in the telecommunications and personal computer sectors and drops in the components and semiconductors, the Ministry of Industry and Information Technology said yesterday.

From January to October, the fixed-asset investment in projects worth more than 5 million yuan (US$732,485) reached 324.3 billion yuan in China, 17.5 percent higher than a year ago, but 13.9 percentage points less than the same period in 2007, according to the ministry.

In the longer term, China's semiconductor consumption market has passed through its high speed development period, said a PricewaterhouseCoopers report yesterday.

The investment in the telecommunications industry was 38.3 percent up from the same period last year at 30.83 billion yuan, mostly because of the infrastructure construction for the new 3G mobile network.

The electronic component investment was down 2.2 percent and the semiconductor industry investment plunged 17.8 percent, the ministry said.

PwC said those drops were caused by the global economic downturn and the decline in transfer of electronic equipment production to China.

"China's semiconductor market has passed through its high speed development period, and that its future growth is likely to be closer to the worldwide growth rate as it represents an increasingly large share of the worldwide market," PwC said.

China's semiconductor consumption market grew by nearly 17 percent in 2008 to US$104 billion, accounting for more than a third of the worldwide market.

Since 2001, China's semiconductor consumption has had a compounded annual growth rate of 29.5 percent.



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