Asia Express - Consumer Electronics
Output of the Chinese Semiconductor and Industrial Robotics Increases 17% and 19% Respectively in 2020
March 18, 2021

China Semiconductor Industry Association (CSIA) recently announced that output value of the Chinese semiconductor industry topped 891.1 billion RMB (US$139.2 billion; US$1 = 6.4 RMB) in 2020 and increased 17.8% year-on-year, higher than global average, the Commercial Times reported on March 18. On top of that, China has become the world’s largest semiconductor equipment market for the first time this year, representing a 39% year-on-year growth.
Output value of the global semiconductor industry is projected to increase from US$431.7 billion in 2020 to US$475.3 billion in 2021, up 10.1% year-on-year, according to MIC (Market Intelligence & Consulting Institute), a major government think tank and IT research institute in Taiwan. MIC also predicts output value of the Taiwanese semiconductor industry this year to top NT$3.3 trillion (US$118.3 billion; US$1= NT$27.9).
Meanwhile, China’s MIIT (Ministry of Industry and Information Industry) recently announced that Chinese industrial robotics output volume increased 19.1% year-on-year in 2020, reaching 237,000 units. Several brands invested in industrial robotics in China last year. ABB Group set up a new robotics factory in Shanghai while STEP Electric set up another factory for robots of the future in Shanghai that has begun operations in December 2020 and churned out 10,000 robotics annually. In addition, the phase III Shanghai FANUC Intelligent Factory project was also kicked off in December last year. Global industrial robotics output volume is expected to achieve a CAGR (Compound Annual Growth Rate) of 8% during the period 2018-2022, according to MIC.