China's existing semiconductor system
According to IHS Markit data, China is the world's largest consumer of power semiconductors. In 2018, China's power semiconductor market demand reached US$13.8 billion, with a growth rate of 9.5%, accounting for 35% of global demand. It is estimated that China's power semiconductor market will reach US$15.9 billion in 2021, with an annual growth rate of 4.8%, slightly higher than the global growth rate.
(Hong Kong, October 23, 2019) The 2019 International Electronic Circuits (Shenzhen) Exhibition will be held from December 4 to 6, 2019, formerly known as the International Circuit Board and Electronic Assembly South China Exhibition. In addition to covering Halls 1, 2, and 4 of the Shenzhen Convention and Exhibition Center, this year's exhibition also added a brand-new exhibition hall - Hall 9 and some booths in Hall 3.
In July this year, the number of Tesla Model 3 insurance reached 11,000, and the monthly sales exceeded 10,000; BYD's new energy vehicle insurance reached 9,000, a month-on-month increase of 9.0%. According to data from the China Automobile Association, the production and sales of new energy vehicles in China in July were 100,000 and 98,000, up 15.6% and 19.3% year-on-year, respectively. The sales growth rate of new energy vehicles in July turned from negative to positive, ending the 12 consecutive months of negative growth since July last year.
On August 28th, at the Huawei Beijing City Summit 2020, Ni Guangnan, an academician of the Chinese Academy of Engineering, delivered a speech saying that although the domestic chip industry is restricted in terms of 7nm and above processes, China's existing semiconductor system can meet the needs of new infrastructure and key information infrastructure. business needs.