China IC Demand Eclipses Worldwide Chip Manufacturing
The Chinese IC market will ramp up through 2017, growing at a faster pace than the rate of global IC production, according to industry analyst IC Insights.
IC Insights’ latest forecast, revealed in the 2013 edition of “The McClean Report—A Complete Analysis and Forecast of the Integrated Circuit Industry,” indicates a 2012-2017 compound annual growth rate (CAGR) of 13%—five points higher than the 8% CAGR forecast for the total IC market over that period.
China’s IC market is expected to surpass $100 billion in 2014 and almost $150 billion in 2017. In 2017, China will represent 38% of the worldwide IC market—up from 23% a decade ago.