Chinese chip market achieves blistering growth

By Peter Clarke , Apr. 06, 2017 – 

The global chip market continued to race forward in February 2017 with all regions showing strong growth and China showing exceptional growth of 25 percent year-on-year, according to numbers from the European Semiconductor Industry Association (ESIA).

Europe continues to be the slowest growing region with the three-month average for the region's chip market at $2.819 billion, up 5.9 percent year-on-year and up 9.4 percent on a euro basis.

However, the three-month average for the Chinese chip market stood at $10.050 billion in February, up 25.0 percent year-on-year. China represents about one-third of the global market for chips and the Asia-Pacific region, including China but excluding Japan, accounts for about half the global chip market.

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