Chinese integrated circuit industry sees steady growth

The Chinese integrated circuit industry will enter a new development stage by tapping the domestic market more and seeking deeper integration with other strategic emerging industries, industry experts said.

Liu Dai, rotating chairman of China Semiconductor Industry Association, said at the 2019 China Semiconductor Packaging and Test Seminar held in Wuxi in East China's Jiangsu province that the Chinese IC industry has registered steady growth over the past few years as its scale and competitiveness increased.

Statistics from the association showed that the Chinese IC industry's total sales revenue surged 20.7 percent year-on-year to reach 653.2 billion yuan ($91.7 billion) in 2018, while the global IC industry's annual growth rate last year contracted by 13.7 percent.