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August 4, 2009

China IC Market Forecast to Reach $100 Billion in 2013!

Mid-Year McClean Report Update details metoric rise of Asia-Pacific IC Market

China’s IC market is expected to reach $100.1 billion in 2013 and represent over one-third (35%) of the worldwide IC market, up from only 14 in 2003 (Figure 1) as discussed in detail in IC Insights’ Mid-Year Update to The McClean Report.

In 2001, the Asia-Pacific IC market (which includes countries such as China, Taiwan, Singapore, Korea, etc.) first surpassed the Americas segment (which includes the U.S., Canada, Mexico, Central America, and South America) and became the leading IC-consuming market. In 2008, the Asia-Pacific IC market was $111.2 billion, and, for the first time ever, was larger than the Americas, European, and Japanese IC markets combined!

Figure 1

The tremendous growth of the Asia-Pacific IC market over the past few years mirrors the trend toward increasing electronic system production in the Asia-Pacific region, especially in China. In general, regional IC market growth is typically closely matched to the growth of regional electronic system production. With more of the world’s electronic systems forecast to be produced in Asia-Pacific (non-Japan), and China in particular, IC Insights believes that Asia-Pacific IC market growth will continue to significantly outpace total IC market growth for at least the next five years.

In 2009, China and Taiwan together are expected to represent about 75% of the IC market in the Asia-Pacific region. In 2013, IC Insights forecasts that the China and Taiwan IC market together will reach about $139 billion and represent almost 80% of the total Asia-Pacific IC market and almost half (48%) of the worldwide IC market!

In 2008, China’s IC market increased 5% to $56.2 billion as compared to a 6% decline for the total worldwide IC market. Although China’s IC market is forecast to decline by 8% in 2009, this performance would still be much better than the 17% drop expected for the total IC market. Moreover, the Chinese IC market is forecast to have a 2008-2013 CAGR of 12%, double the 6% forecast for the worldwide IC market during this same timeperiod.

Report Details, Including the New "Half-Year" McClean Report Subscription

IC Insights’ 2009 Mid-Year Update is a part of its new "Half-Year" McClean Report service. The 2009 "Half-Year" McClean Report subscription includes the 200+ page Mid-Year Update (released July 31, 2009), the August, September, October, and November Monthly Updates, as well as access to The McClean Report subscriber-only Webcasts in August and November. The new 2009 Half-Year McClean Report subscription is value priced at only $1,890.

Note: Current 2009 McClean Report subscribers will receive the products/services described above as part of their full-year subscription.

For more information, please visit www.icinsights.com/prodsrvs/mcclean/.

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About IC Insights

IC Insights, Inc., based in Scottsdale, Arizona, is dedicated to providing high-quality, cost-effective market research for the semiconductor industry. Founded in 1997, IC Insights offers coverage of global economic trends, semiconductor market forecasts, capital spending and fab capacity trends, product market details, and technology trends, as well as complete IC company profiles and evaluations of end-use applications driving demand for ICs.

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