China Market Market - Statistics & Insights

China Market overview

Compared with many global industries that depend on cyclical demand, the China semiconductor market has shown consistent momentum, evolving into a critical enabler of the country’s digital transformation, industrial automation, and advanced electronics. In 2024, the China semiconductor market exceeded USD 200 billion, and forecasts indicate a 12% CAGR through 2032, driven by strong requirements for AI chips, 5G infrastructure, memory semiconductors, and electric vehicle chipsets. Regional analysis highlights China’s strategic dominance within Asia-Pacific’s semiconductor supply chain, where rapid growth in foundry capacity, semiconductor fabs, and wafer production continues to strengthen its China semiconductor market share against traditional leaders like Taiwan and South Korea.

Published by MMR Statistics Research Team, Updated

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