Chinese Chip Sales Lag Global Market With 12.4% Increase Last Month
What’s new: World semiconductor sales rose 13.2% year-on-year in January to $40 billion, with China’s chip sales increasing by 12.4%, according to the latest monthly report by the Semiconductor Industry Association (SIA).
“Global semiconductor production is on the rise to meet increasing demand and ease the ongoing chip shortage affecting the auto sector and others, and annual sales are projected to increase in 2021.”
What’s the background: Chip shortages loom large over China’s automotive sector and are expected to depress vehicle production in the country.
Officials from China’s Ministry of Industry and Information Technology in early February urged global chipmakers to “treat the China market with great value,” ramp up chip supplies to Chinese automakers, and improve transportation efficiency after January saw the nation’s vehicle production shrink by 15.9% year-on-year.
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