The United States continues to strengthen its sanctions on technology in China, leading to challenges in the development of advanced processes in the region. For this reason, China has shifted focus to automotive semiconductors, according to MIC (Market Intelligence & Consulting Institute. The China Semiconductor Industry Association (CSIA) stated that the sales revenue of China's semiconductor industry in 2022 amounted to 1.2 trillion RMB (US$171.4 billion; US$=7 RMB). Among them, the proportions of IC design industry, IC manufacturing industry, and IC packaging and testing industry in the total sales revenue were 43%, 32%, and 25%, respectively, MIC added.

Chinese IC Packaging and Testing Shipment Value, 2018-2022

Source: CSIA and MIC, July 2023

Established in 1987, MIC is a division of III (Institute for Information Industry), a major government think tank, and one of the leading IT research institutes in Taiwan.

To know more about this topic, please visit: Development of China IC Packaging and Testing Industry and Key Players (pre-order), Development of the IC Design Industry and Major Players in China

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