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China's semiconductor consumption growth continues

Staff writer ▼ | August 29, 2014
China's semiconductor consumption growth has continued to surpass the worldwide semiconductor consumption market for the third consecutive year in 2013.
China semiconductor
Semiconductor industry   For the third consecutive year:
As compared to the worldwide semiconductor consumption market which grew by 4.8%, semiconductor consumption in China has grown by 10.1% in 2013, reaching a new record of 55.6% of the global market.

Most of this growth resulted from China's role in producing smartphones and media tablets, according to PwC's "A decade of unprecedented growth: China's impact on the semiconductor industry - 2014 update."

Since PwC's first report on the China semiconductor market, China moved from the smallest of the regional semiconductor consumption market with 18.5% share in 2003, to the largest by 2005 with 24.8% share. Since 2005, China increased its semiconductor leadership position every year except 2010.

Almost three percentage points of the 10.1% increase was the result of China's continuing revaluation of the Renminbi (RMB). Measured in local RMB currency, China's semiconductor consumption market grew by 7.3% in 2013.