By contrast, automotive exports were $77 billion during the same period..
The report says that China’s IC export value has grown more than 1.5 times over the past decade.
In 2023, China’s IC export value was $136 billion representing an increase of 155.9% compared to 2014.
From 2022 to 2023, the global chip industry experienced a downturn. According to the SIA, global semiconductor sales in 2023 totalled $526.8 billion, a y-o-y decrease of 8.2%.
Affected by this, China’s IC export growth rate dropped to 3.5% in 2022 and -5% in 2023, ending five consecutive years of double-digit growth.
However, since the beginning of 2024, the situation has started to improve, the report says. In August, China’s IC exports reached $13.5 billion, a y-o-y increase of 18.2%.
The export value has seen y-o-y growth for 10 consecutive months
