China IC Industry

China's IC sales up 17 percent to $135 billion last year
China imported 543.5 billion integrated circuits in 2020, an increase of 22.1% year-on-year.
China's integrated circuit imports reach $371 billion in 2020, more than double oil imports
China's total imports of integrated circuits in 2020 reached RMB 2.4 trillion ($371 billion), up 14.8% year-on-year and more than double that of oil imports.
China's first university dedicated to training of IC talent officially established
On October 22, the Nanjing Integrated Circuit University, China's first university dedicated to the training of integrated circuit talent, was officially established in Nanjing.
China announces new policy to encourage IC Industry development
China's State Council today announced new policies offering a wide range of incentives, including tax breaks, to further optimize the environment for the development of the integrated circuit and software industries.
China removes a major obstacle to acquiring more IC talent
As China faces a growing bottleneck of integrated circuit talent, a new move is expected to ease it significantly in the future.