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TAP TIMES -8- FEBRUARY 2022

The China Initiative (from 6) in annual revenue by 2024, the SIA pre-
dicts. This would give China a global mar-
ket share of 17.4%, placing China third
closing in on chip sales from Europe and behind only the U.S., followed by S. Korea.
Japan. next page

Source: SIA

From $13 billion to $39.8 billion Draw from Our Tool
The SIA reports that five years ago, Box of Customized
China sold $13 billion worth of semicon-
ductor devices, which accounted for only Solutions
3.8% of global chip sales.

In 2020, however, China’s semiconduc-
tor industry registered an unprecedented
annual growth rate of 30.6% to reach
$39.8 billion in total annual sales.

Surpassing Taiwan for two years
That jump, says the SIA, helped China,
capture 9% of the total semiconduc-
tor market in 2020, thereby surpassing
Taiwan for two consecutive years and
following Japan and the EU, which each
captured 10% of global market share. Made in USA
Sales data for last year is not yet avail-
able. A Dedication to Solving
Design Challenges Since 1982
If China maintains a 30% CAGR over Learn about our Customization
the next three years — assuming growth Capabilities by visiting our website
and watching our videos
rates stay the same in other countries —
the Chinese could generate $116 billion 800.424.9850 • 401.823.5200 • WWW.ADVANCED.COM