This story is interesting because of how much China’s IC industry is aligning with the country’s growth in EV and automotive. The contribution of this sector to the display market is significant during the existing period of market negativity. EV and automotive markets, and industrial control are expected to help China’s IC market to grow in the near future.
China’s IC exports continued their accelerated decline, falling 11.7% year-on-year to 250.5 billion units in the 11 months to November. The total value of chip exports during that period rose 2.2% year-on-year. In November, chip imports recorded a 1.4% month-on-month decline to 40.5 billion units, down from 41.1 billion in October. China’s IC output contracted by 26.7% in October from a year ago, marking the biggest monthly decline on record for the domestic semiconductor industry. Chip production in October totaled 22.5 billion
| Metric | Value | Period | Change |
|---|---|---|---|
| Integrated Circuit (IC) imports | 498.5 billion | Jan-Nov 2022 | -14.4% compared to 2021 |
| Value of IC imports | $381.2 billion | Jan-Nov 2022 | -1.8% compared to 2021 |
| IC exports | 250.5 billion | Jan-Nov 2022 | -11.7% compared to 2021 |
