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The number of Chinese chip design companies and their revenue maintain growth in 2023
China’s prominent semiconductor expert calls for re-globalization of the semiconductor industry
Wei Shaojun said the interrupted global supply chain has brought severe challenges to China's semiconductor industry, and "China should promote the re-globalization of the semiconductor industry."
China needs to use the advantage of the rise of its IC market to reshape the global industry chain after 15 years of fast development, despite facing geopolitical changes.
“China is on the right path of self-reliance and self-improvement. We must strengthen our confidence and carry out industrial upgrading," China's IC industry leader Wei Shaojun says
The Chinese chip design sector's sales revenue this year is expected to reach RMB534.57 billion ($78.74 billion), up 16.5% year-on-year, showcasing sectoral resilience amid US export restrictions.
China's IC design industry's trade organization ICCAD started its annual gathering, announcing the 2022 number of IC design companies in the country at 3,243, up 15.4% year on year.
In the wake of recent anti-corruption cases in China’s IC industry and new geopolitical changes, Chinese well-known professor Wei Shaojun expressed his optimism about the country’s IC industry.
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