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Development of China's IC Sector Elevated to National Priority Status

21IC.Com, 4/18/11

Yang Xueshan, deputy minister of China's Ministry of Industry and Information Technology (MIIT), recently disclosed that as part of the 12th Five-Year Plan (2011-2015) China has made IC sector development a national strategic priority. China aims to see IC industry revenue reach RMB 330 bln and to develop chips using domestically-owned IP by 2015.

According to MIIT statistics, China's IC industry revenue reached RMB 144.02 bln in 2010, accounting for 8.6% of the global market, while chips developed and produced in China satisfied only 20% of domestic demand. China's total IC import/export value for 2010 reached USD 156.99 bln.

Keywords: national statistics Yang Xueshan hardware export import revenue MIIT IC IP 12th Five-Year Plan

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