Chinese semiconductor market 'set to expand in 2010'

e14news — Thu, 07 Oct 2021 00:56:54 GMT

Current Revision posted to Documents by e14news on 10/7/2021 12:56:54 AM
The industry for semiconductors in China is set to expand rapidly and become "a major force" in world markets, according to a report.

Although Chinese industry dipped in 2009, it is now expected to make an intense comeback as electronic manufacture begins to recover from the economic downturn, the Inquirer asserts.

Furthermore, stimulus packages from the Chinese government and a rebound by the electronics sector could also encourage the market to pick up.

According to the news provider, Kevin Wang, director of China research for Isuppli, believes that the country's semiconductor market could experience double-digit growth in 2010.

"He predicted that the China semiconductor market will grow by 17.8 per cent in 2010 to reach $80.1 billion (£49 billion)," the Inquirer notes.

In related news, Cadence has announced that it will be holding a Mixed-Signal IC Design Summit in California today (October 27th), to discuss semiconductor development with those working in the industry.