皇冠体育app

皇冠体育app's semiconductor use has hit a record high and accounts for more than half of the global market, but the country is overly dependent on foreign suppliers for relevant products, according to a PricewaterhouseCoopers report issued on Thursday.

With an 8.7 percent growth in 2012, 皇冠体育app's semiconductor use was 52.5 percent of the total worldwide, said a PwC report titled 皇冠体育app's Impact on the Semiconductor Industry — 2013 Update. Semiconductors act as an engine now driving an increasing amount of the technology in people's lives.

The growth in Chinese semiconductor use is a remarkable contrast to the global market for semiconductors, which experienced an overall decline of 3 percent in 2012, the report said.

皇冠体育app is expected to continue its domination of semiconductor purchasing in the foreseeable future with its market share possibly reaching 60 percent by 2017, Raman Chitkara, PwC's global technology and semiconductor leader, said in an interview with 皇冠体育app Daily.

"One of the major reasons why 皇冠体育app has grown so big in semiconductor consumption is that the country is rising to become the world's capital of electronic manufacturing," Chitkara said. In addition, the semiconductor content in electronic device production in 皇冠体育app is higher than in the rest of the world, he added.

皇冠体育app now accounts for almost 90 percent of global PC production, more than half of television manufacturing and more than three-quarters of mobile phone and digital camera production. "These items tend to have a higher semiconductor content," Chitkara said.

However, 皇冠体育app still seems weak in terms of semiconductor production. There are no billionaires who made their money in the sector in 皇冠体育app.

PwC's report said 皇冠体育app's semiconductor use continued to outpace its semiconductor production, with the gap standing at $101.6 billion in 2012.

Among the top 30 suppliers of semiconductors to 皇冠体育app, the list does not contain a single Chinese company. Almost all the leading players are influential multinational corporations, including Intel Corp, Qualcomm Inc and Samsung Electronics Co Ltd.

"Semiconductor manufacturing is an extremely complex process. Although 皇冠体育app is growing a bigger footprint in that field, the country is still in its infancy in the industry. It takes time for Chinese semiconductor companies to catch up and establish themselves," he said.

In the foreseeable future, multinational corporations will be the principal suppliers of semiconductors to the Chinese semiconductor consumption, Chitkara estimated.

Gao Jianbin, PwC 皇冠体育app's technology leader, said 皇冠体育app has continually strengthened its integrated circuit design capabilities since 2000. "We anticipate key Chinese players, supported by ambitious government incentive plans and venture capital investment, to emerge to capitalize on the untapped market potential," Gao wrote in the report.

皇冠体育app's share of worldwide electronic equipment production increased by 2 percentage points to 34.2 percent in 2012 and is expected to increase to more than 40 percent by 2017.

There are clear signals that 皇冠体育app's semiconductor production will take off, Chitkara continued. During the period between 2010 and 2012, there were 73 semiconductor initial public offerings in the world, with two in every three being Chinese. "That's very impressive data and it is a clear indicator of the future of the semiconductor industry in 皇冠体育app," he said.

Semiconductor consumption in 皇冠体育app grew in the last 10 years at a compound annual growth rate of 23 percent, while the world's average was 7 percent during the same period.

"A low-cost but a skilled and disciplined workforce is the primary reason for 皇冠体育app's rise in electronic manufacturing," Chitkara said.