2005 China IC market is expected to grow by 11%

A report from the IC Insights said, 2005 China IC market growth rate of 11%, reaching $34 billion 300 million, thus becoming the world's largest regional IC market. The report predicts that, although the growth rate of 11% is lower than the growth rate in recent years, but compared with the global IC industry this year, the decline of 2% compared to the performance has been very good.

From 2001 to 2004, China's IC market compound annual growth rate of up to 46%, while the U.S. IC market CAGR of 14%. 2005, China is expected to account for 20% of global IC consumption, an increase of more than in 2001 of 8%.

IC Insights said, it is necessary to clearly distinguish between the Chinese IC market and the domestic IC production of two different concepts. Although in 2005 China will become the largest IC market, but this does not mean that China will soon be a lot of IC production. By 2010, China's IC production will maintain a strong momentum of development, taking into account the total value of China's IC production in 2004 was only $2 billion 400 million, the base is small, so the total growth is relatively less.

IC Insights predicts that in 2010 China's domestic IC production will reach $14 billion 500 million, even to this extent, China's IC production accounted for only 5% of the world. By 2010, the total amount of $14 billion 500 million of China's IC production, accounting for only $95 billion of China's IC market.