China chip industry grew 18% y-o-y in Q1

China chip industry grew 18% y-o-y in Q1

The sales values of the IC design and manufacturing sectors were $11.2 billion and $8.4 billion respectively, and the sales value of the IC packaging and testing sector rose 7.3% to nearly $7.5 billion.

China imported 155.27 billion ICs with a total import value of $93.6 billion in Q1 with imports up 33.6% and their total value up 29.9% y-o-y, according to the General Administration of Customs.

China exported 73.7 billion IC units during the period, up 42.7% y-o-y with a total export value of $31.46 billion – up 31.7% y-o-y.

China’s IC market is the world’s largest. It saw robust growth in 2020, with the market size hitting $143.4 billion in 2020 – up 9% on the $131.3 billion in 2019.

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