China is set to flood the world with chips

Growth predicted
By Ed Berridge, 26 October 2009

AFTER THE CHINESE semiconductor market dipped in 2009, the industry is expected to be major force in the world markets next year. According to bean counters at Isuppli, China's semiconductor market is expected to rebound vigorously as exports of electronic products recover from the global economic crisis. Sales of Chinese semiconductors will decrease to $68 billion in 2009, down 6.7 per cent from $72.9 billion in 2008. While this sounds bad for China's semiconductor makers, they actually have been doing a lot better than other chipmakers, as the semiconductor industry as a whole suffered a 16.5 per cent decline this year. However the Chinese government's economic stimulus package and the country's own domestic electronics market rebound in the first quarter seem set to turn China's chip market around.

Read more here -->Link