By Greg Gao

Newly released data by China’s Ministry of Industry and Information Technology(MIIT) shows that country’s integrated circuit output reached 295.8 billion units from January to November 2022, down 12% from the same period last year, reported JW Insights.

The production of China’s electronics manufacturing industry slowed down, and the growth rate of exports also dropped. While the revenue of enterprises continued to grow, and investment maintained a rapid growth rate, statistics from MIIT showed.

The added value of the electronics manufacturing industry of above the designated size enterprises increased by 8.3% year-on-year, exceeding the industrial and high-tech manufacturing sectors by 4.5% and 0.3%, respectively. In November, the added value of the electronics manufacturing enterprises above the designated size turned to a year-on-year decrease of 1.1% from a year-on-year increase of 9.4% in October.

For the main products, the output of mobile phones was 1.45 billion units, a year-on-year decrease of 2.8%, of which the production of smartphones was 1.09 billion units, a year-on-year decline of 3.7%. The output of microcomputer equipment was 382 million units, a year-on-year decrease of 10.8%.

China’s General Administration of Customs(GACC) statistics showed that from January to November 2022, China exported 155 million notebook computers, a year-on-year decrease of 22.8%; It shipped 756 million mobile phones overseas, a year-on-year decline of 11.7%. The exportation of integrated circuits hit 250.5 billion, a year-on-year decrease of 11.7%.

The electronics manufacturing industry realized an operating income of RMB13.9 trillion($2 trillion) from January to November, an increase of 7% year-on-year, which was 1.4 percentage points lower than that from January to October.

The investment in fixed assets in the electronics manufacturing industry increased by 19.9% year-on-year, 9.8 percentage points higher than the growth rate of industrial investment in the same period but 3.1 percentage points lower than the growth rate of investment in high-tech manufacturing, according to MIIT.