China's semiconductor industry grew by 14.4% in 2011 to reach a record $43.5 billion. Measured in US dollars, China's semiconductor industry growth was more than ten times greater than that of the total worldwide semiconductor industry. A significant portion of that exceptional growth was attributed to China's IC design or fabless sector, which grew by more than 36% in 2011. From the Chinese perspective, five percentage points of that increase was the result of China's continuing revaluation of the RMB. Measured in local (RMB) currency, China's semiconductor industry grew by 9.3% in 2011, less than half of what Chinese officials had forecast, but still several times greater than the total worldwide industry.
China's impact on the semiconductor industry
China's exceptional relative semiconductor performance in 2011 was also evident in the continued growth of China's IC consumption/production gap. This gap is the difference between IC consumption and IC industry revenues. Both China's IC market consumption and China's IC industry production increased to new record levels in 2011. As a result, China's IC consumption/production gap also increased to a new record level in 2011. In marked contrast, China's discrete (including LED) production versus consumption surplus also increased to a new record level in 2011.
Where is all this growth located? The East China region has grown to have the heaviest concentration of China's semiconductor industry, accounting for 56% of China's IC industry revenues in 2011. An additional 23% of China's IC industry revenues come from the North China region.
|Market & industry overview||Chapter 1|
|China's semiconductor industry||Chapter 2|
|Design in China||Chapter 3|
|Greater China: The bigger picture||Chapter 4|
|Manufacturing: Growing capabilities||Chapter 5|
|Government and production growth scenarios||Chapter 6|
|Download the full report as custom PDF||All|