Chinese semiconductor industry accounts for 41% of global consumption

The report says that while China was not immune to the 2008-09 global recession, its semiconductor industry was less impacted, declining by 2.5% in comparison to the worldwide market, which decreased by 9%. The report also says that while China was not immune to the 2008-09 global recession, its semiconductor industry was less impacted, declining by 2.5% in comparison to the worldwide market, which decreased by 9%. Raman Chitkara, pictured, partner and global technology industry leader of PWC, said that in the past year, Chinese companies accounted for more than half of semiconductor IPOs completed worldwide and the Chinese financial markets have provided more than 80% of all the semiconductor IPO funding raised. In addition, China's semiconductor industry total employee count has reportedly grown by approximately 10% CAGR during the last five years to about 300,000. This represents more than 25% of equivalent worldwide semiconductor employees. In comparison, the US semiconductor employee count has decreased by approximately 4%. The growth of China's semiconductor market, which consists primarily of EMS companies, ODMs and OEMs, continues to be a major catalyst for changes in the industry. The country's electronic manufacturing sector is expected to attract more overseas investment, which will continue to fuel the domestic semiconductor consumption, industry insiders have said. Firms such as Intel, Dell, Hewlett-Packard and AMD have reportedly decided to set up manufacturing facilities on the mainland to tap into the growing consumer electronics market.