China’s IC imports hit a new high

China's IC imports hit a new high

According to statistics from the China Semiconductor Industry Association on March 25, the sales of China’s integrated circuit industry last year was 884.8 billion RMB, a year-on-year increase of 17%.

According to customs statistics, China imported 543.5 billion pieces of integrated circuits in 2020, a year-on-year increase of 22.1%; imports amounted to US$350.04 billion, a year-on-year increase of 14.6%; both set a record high.

Wei Shaojun, dean of the Department of Micro-Nanoelectronics at Tsinghua University and director of the Institute of Microelectronics, previously introduced to the 21st Century Business Herald that China has purchased 2/3 of the world’s chips, and about half of them have been exported to foreign countries as the whole machine is exported chips. Since 2013, the output value of China’s imported integrated circuits has exceeded US$2,000, exceeding the value of oil imports. Later, its import value has surpassed oil + steel, oil + steel + grain, becoming the largest import commodity.

He introduced that China’s own semiconductors accounted for 7.9% of the world, which means that there is still 26%, nearly 120 billion U.S. dollars in the market, relying on net imports. He believes that some of this part of external dependence is strategic, and the others are not. At present, the most imported products are CPU processors (including DSP digital signal processors) and memories. These two types of products account for more than 70% of the integrated circuits used in China. Among them, the processors are mainly produced by Intel, IBM, and AMD in the United States; there are four major global memory manufacturers, one of which is from the United States, one from Japan, and the other two from South Korea.