China's IC industry expected to have rapid growth

They added US politicians' trick of playing up the "China threat" theory in the semiconductor industry is groundless and doomed to fail. They said the technological blockade will hurt the interests of US companies, impede global cooperation and jeopardize the global supply chain.

Data from the China Semiconductor Industry Association showed the revenue of China's integrated circuit industry reached 685.86 billion yuan ($108.4 billion) during the January-September 2021 period, up 16.1 percent on a yearly basis.

The semiconductor industry in China maintained steady growth in 2020, with total sales rising 17 percent year-on-year to 884.8 billion yuan in 2020, it said.

The nation has scaled up the production capacities in the IC industry. Data from the National Bureau of Statistics showed China produced 359.4 billion units of ICs last year, up 33.3 percent year-on-year, doubling the growth rate in 2020.

Meanwhile, worldwide semiconductor revenue increased 25.1 percent in 2021 to $583.5 billion, crossing the $500 billion threshold for the first time, said global consultancy Gartner Inc.