| China becomes world's largest market of IC consumption |
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| Sunday,November 06,2005 Posted: 18:16 BJT(16 GMT) 商务部网站 |
SHANGHAI, Nov. 3 (Xinhuanet) -- China has overtaken the United States and Japan to become the world's No. one market of integrated circuits (IC) consumption in 2005, according to a report issued by IC Insights.
The report states China covers about 20 percent of the world's IC consumption market shares, which is up to 175.4 billion US dollars in total.
With rapid expansion of IC consumption market in China, a surging demand for electronic storages has become a salient feature of China's electronics consumption market.
In the near future, the country will become the major growth point of world's storage market, said a IC company official John Cummins.
Though with a huge potential, Chinese IC consumption market is still in pressing need of research and production capability enhancement. THe IC Insight report shows China's IC production volume accounts only for five percent of the world's total in 2010,and only 15 percent of the country's IC market products are home-made. Enditem
(Source: English Site of WTO)
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