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Electronics Production | January 10, 2005

China to be the largest IC market in 2005

As recently as 2001 the American IC market was three times larger than China´s. Since then the annual growth for China´s IC market has been about 46%. Compare this with 14% for the US.
IC insights forecasts a growth of 11% for the Chinese IC market in 2005, reaching nearly US$34.3 billion. That will make China the largest IC market in the world with an expected market share of 20%.

The global consumption of IC products i expected to decline 2% in 2005.

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