China's semiconductor consumption growth continuesStaff 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.
Semiconductor industry For the third consecutive year:
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. ■