Analyst estimates suggest that by 2015, revenue in the market will have reached $10.7 billion.
This is up from $5.2 billion in 2010, which was a rise of 23.6 per cent from the $4.2 billion revenue recorded the previous year.
IHS iSuppli, for example, explained that it expects revenue to reach $5.74 billion.
"China's fabless semiconductor suppliers must focus on consumer electronics because the major characteristics of the market, including technology, price and quality, play to the strengths of Chinese chip designers," explained IHS iSuppli.
In other industry news, ON Semiconductor recently opened a new global distribution centre in Singapore, which is expected to process an average of 50 million units per day.
The new facility, built and implemented in association with DHL, has opened at a cost of $3.5 million.
Posted by Simon Jones
