China chip goals slipping
June 26, 2019
The China government’s goal of sourcing 40% of its chips domestically by 2020 and 70% by 2025, is not going to be met, reports the Nikkei.
TrendForce estimates that domestically designed ICs only accounted for 15% of the China market last year.
China’s design industry has been growing at 20% a year since 2014, but is expected to grow at 17.9% this year to $42.9 billion, says TrendForce.
IC Insights reckons that, including foreign-owned China-based facilities, China supplied 15% of its $155 billion chip market last year.
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