China is going to fall a long way short of its ‘Made in China 2025’ target for domestic semiconductor production, says IC Insights.
IC production in China represented 15.7% of its $125 billion IC market in 2019, up only slightly from 15.1% five years earlier in 2014.
A very clear distinction should be made between China’s IC market and indigenous IC production in China.
As IC Insights has oftentimes stated, although China has been the largest consuming market for ICs since 2005, it does not necessarily mean that large increases in IC production within China would immediately follow, or ever follow.
