By Li Panpan

Consumer electronics applications occupy a dominant position in China’s Top 100 Semiconductor Companies, ranked by JW Insights, accounting for more than 67% of the total. Although the consumer electronics market is in stagflation, its fast-growing segment markets such as TWS and wearables will create more opportunities.

This is part of the analysis of the Top 100 Chinese Semiconductor Companies 2021 released by JW Insights last December. The top 10 are HiSilicon, Will Semiconductor, Smartchip Micro, Wingtech, UNISOC, Sane Chips, Yangtze Memory, GigaDevice, China Resources Micro, and Silan Micro. 

Among the top 100, 67 companies belong to the mobile phone and consumer electronics type, most of which are storage and power IC companies.

Currently, the Chinese smartphones industry has fallen into a state of stagnation. Although overseas markets are still growing, the overall growth of the mobile phone industry is relatively slow. It brings pressure to related semiconductor companies. Some companies maintain or improve their performance by extending businesses or increasing market shares. 

Revenue growth of companies that rely on the mobile phone industry, like Will Semiconductor(韦尔), Goodix (汇顶科技), and Maxscend(卓胜微) from 2019 to 2020 are clearly different. 

Will Semiconductor’s CIS business, like security cameras and Maxscend’s RF business, drive revenue growth greatly, while Goodix’s revenue is stagnant because of the low price of its fingerprint chips. 

There are still many opportunities in the segmented markets in China. With the rise of devices such as TWS headsets, smartwatches, AR/VR, semiconductor companies still will be greeted with excellent potential. 

For example, Bluetrum(中科蓝讯), Jieli Technology(杰理科技), Actions Technology(炬芯科技), and Goer Micro(歌尔微电子) have significantly benefited from the fast-growing TWS headsets markets with their power, audio, and signal connection products.

Among the top 100, 58 are listed companies. There are an additional 18 that have entered the IPO counseling stage and are preparing to be listed.