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Archive for May 21st, 2020

China to Fall Far Short of its “Made-in-China 2025” Goal for IC Devices

Thursday, May 21st, 2020

Domestic content percentage forecast to be about one-third of its 70% 2025 target.

IC Insights will release its May Update to the 2020 McClean Report later this month.  This Update is part of a series of monthly updates to The McClean Report that will be released through November of this year.  The following evaluation of China’s IC market is an excerpt from the original McClean Report released in January.

IC production in China represented 15.7% of its $125 billion IC market in 2019, up only slightly from 15.1% five years earlier in 2014.  As shown in Figure 1, IC Insights forecasts that this share will increase by 5.0 percentage points to 20.7% in 2024 (one percentage point per year on average).

Figure 1

A very clear distinction should be made between China’s IC market and indigenous IC production in China.  As IC Insights has oftentimes stated, although China has been the largest consuming market for ICs since 2005, it does not necessarily mean that large increases in IC production within China would immediately follow, or ever follow.

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