China’s IC industry has seen an average compound annual growth rate of more than 20 percent. In 2019, the country’s IC industry reached a size of more than 700 billion yuan (103.1 billion US dollars), up by 15.8 percent year on year.
Currently, the country accounts for nearly 50 percent of the global market share, Yang noted, adding that foreign-invested enterprises contribute more than 30 percent of IC sales revenue on the Chinese mainland.
The semiconductor industry is a global industry, and no country is isolated from the entire industrial chain, said Keith D. Jackson, 2020 chair of the Washington-based Semiconductor Industry Association, at the event, adding that the Chinese government has abided by its commitments to opening up and stabilizing foreign trade and investment, which has bolstered the confidence of foreign enterprises.
