China: Potential to Be the World's Largest Chip Market

摘要

China is hungry for chips, and on a growth path ot be the largest semiconductor market by 2010. Despite the fact that the average per capita income in China is only $800/year, the country is on track to become the world's largest consumer of semiconductors in the next 10 years, perhaps by 2010. According to research from Converge Inc. (Peabody, Mass.), China's semiconductor market is forecast to grow from $13B in 2001 to $34B by 2005. Even in 2001, when the rest of the world's chip demand decreased, China's market grew 18.3%. Its semiconductor industry will account for 9% of worldwide sales in 2001, increasing to 12.2% by 2005.