[photopress:IT_semi_donductors.jpg,full,alignright]At SEMICON China, industry and government leaders in China affirmed the central role that semiconductor manufacturing will have in future China economic policy.
Hua Xiao, general director of China’s Department of Electronic and IT products at MII said, ‘2008 will be an important year of growth for the semiconductor industry.’
In outlining the key aspects of the 11th 5-year plan during the keynote session, he said that the government’s policy of supporting the convergence between information and electronics will continue, and that semiconductor manufacturing remains a high priority to close the gap between IC production and consumption.
China is the leading market for ICs in the world with approximately $124 billion in ICs consumed in 2008. Semiconductor production is only $27 billion and this imbalance is an important driver for economic development and opportunity in China.
Dr. William Lee, vice president sales and marketing from SMIC, delivered a keynote speech entitled ‘Spotlight on China’s IC Industry in the CEO Wafer Processing Technology Forum recognized China’s preeminent position in semiconductor consumption and estimated China’s share of the world IC market will grow from 21% today to a remarkable 38% in 2010.
Future growth of the China’s IC industry will be fueled by local China design companies which have experienced growth rates of 30-40% over the last several years.
In recognizing the challenges and opportunities in China, Dr. Lee said the innovation is essential and that requires strong Chinese IP. He said, ‘The semiconductor industry requires both collaboration and innovation.’
The illustration is not of Caspar the Friendly Ghost. It is of a person, sex undetermined, making semi-conductors in a clean room.
Source: ENS Now
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