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China’s IC output surges by 33.3% in 2021, reaching 359.4 billion pieces
Chinese article by 爱集微
English Editor 张未名
01-29 16:05

Editing by Kate Yuan

China’s IC output reached 359.4 billion pieces in 2021, climbing by 33.3% over the last year, according to China’s National Bureau of Statistics.

In 2021, China’s electronics manufacturing industry saw double-digit growth in added value and export shipment value. Growth of corporate profits and fixed asset investment significantly accelerated.

The added value of the electronics manufacturing industry above the designated size increased by 15.7% in 2021 over the previous year, ranking 6th among 41 major industries, hitting a new high in the past ten years. The added value of industries above the designated size was 6.1 percentage points higher in growth rate, faster than 2020.

Among the main products, mobile phone output reached 1.76 billion units, up 7% yearly. The output of microcomputer equipment stood at 470 million units, increasing by 22.3% over the previous year.

The export shipment value of electronics manufacturing enterprises above the designated size increased by 12.7% over the previous year. Its growth rate was 6.3 percentage points higher than the previous year while 5 percentage points lower than that of industrial enterprises above designated size in the same period.

Data from China’s General Administration of Customs (GACC) shows that China’s IC export reached 310.7 billion pieces, increasing by 19.6% over the last year. The import hit 635.48 billion pieces, a year-on-year increase of 16.9%.

In 2021, corporate profits enjoyed rapid growth. The electronics manufacturing industry above designated size raked in operating income of RMB14,128.5 billion ($2,221 billion), up 14.7% year on year. The total profit soared by 38.9% over the previous year, reaching RMB828.3 billion ($130.2 billion).

Fixed asset investment growth rebounded in 2021. It increased by 22.3% over the previous year in the electronics manufacturing industry, with the growth rate ranking 3rd in the manufacturing industry.

In recent two years, China’s IC-related fields have seen an investment boom in semiconductor devices and equipment, electronic components, and electronic special materials manufacturing. This has driven the two-year average of fixed asset investment in the electronics manufacturing industry up by 17.3%, well above the 5.8% for the manufacturing sector.

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