Ministry of Commerce: the demand for semiconductors in China has risen steadily and become the driving force for global semiconductor market growth

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According to Gao Feng, a spokesman for the Ministry of Commerce, from January to August this year, China’s integrated circuit imports totaled 1.5 trillion yuan, up 15.3% year-on-year, 17.6 percentage points higher than China’s foreign trade import. In recent months, the main reason for the growth of China’s IC import is the recovery of market demand. The change of life style caused by the epidemic situation stimulates the demand for integrated circuits, such as online office, distance education, internet medical treatment, etc., which stimulates the demand for servers, personal computers, tablet computers, medical electronics and other products. In addition, China’s 5g network construction, as well as enterprises considering the impact of the epidemic on the supply chain, actively prepared goods and increased procurement efforts also promoted the import growth of integrated circuits. As a global electronic product manufacturing country, China’s semiconductor demand has steadily increased, becoming the main driving force of global semiconductor market growth.