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Saturday 28 September 2013

China used more than half of world's ICs in 2012

0023ae82ca0f13af1f6d03 China's semiconductor use has hit a record high and accounts for more than half of the global market, but the country is overly dependent on foreign suppliers for relevant products, according to a PricewaterhouseCoopers report issued on Thursday.

With an 8.7 percent growth in 2012, China's semiconductor use was 52.5 percent of the total worldwide, said a PwC report titled China's Impact on the Semiconductor Industry - 2013 Update. Semiconductors act as an engine now driving an increasing amount of the technology in people's lives.

The growth in Chinese semiconductor use is a remarkable contrast to the global market for semiconductors, which experienced an overall decline of3 percent in 2012, the report said.

China is expected to continue its domination of semiconductor purchasing in the foreseeable future with its market share possibly reaching 60 percent by 2017,Raman Chitkara, PwC's global technology and semiconductor leader, said in an interview with China Daily.

"One of the major reasons why China has grown so big in semiconductor consumption is that the country isrising to become the world's capital of electronic manufacturing," Chitkara said.

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