02 Jun 2020 -
 General

China ICs still need decades to be globally competitive

integrated circuits

China’s IC production has risen only 0.6% since 2014, reports IC Insights, and the country is likely to fall well short of its ‘Made-in-China 2025‘ goal for IC devices.

IC production in China represented 15.7% of its $125 billion IC market in 2019, up only slightly from 15.1% five years earlier in 2014. As shown below, IC Insights forecasts that this share will increase by 5% to 20.7%.

IC Insights: Chinese ICs still need decades to be globally competitive-SemiMedia
Copyright IC Insights 2020

“If China-based IC manufacturing rises to $43.0 billion in 2024 as IC Insights forecasts, China-based IC production would still represent only 8.5% of the total forecasted 2024 worldwide IC market of $507.5 billion.  Even after adding a significant markup to some of the Chinese foundry producers’ IC sales, China-based IC production is still likely represent only about 10% of the global IC market in 2024,” reports IC Insights.

The report pointed out that among the $19.5 billion worth of ICs made in China last year, mainland China-based companies produced only $7.6 billion (38.7%), accounting for only 6.1% of China’s $124.6 billion IC market. Among them, about $1.8 billion from IDM, $5.8 billion from foundries such as SMIC. IC Insights pointed out that in 2019, most of the IC production capacity in mainland China comes from SK Hynix, Samsung, Intel and TSMC and other international semiconductor manufacturers with factories in mainland China.

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