On September 3, the 2nd Global IC Entrepreneur Conference and the 17th China International Semiconductor Expo opened in Shanghai. Sanjay Mehrotra, the rotating chairman of the American Semiconductor Industry Association and president and CEO of Micron Technology, pointed out in the opening speech that in the past 20 In the year, the global semiconductor sales business has been growing at a compound annual growth rate of nearly 7%.
Sanjay pointed out that with the continuous breakthroughs in computing technologies in the areas of smartphones, PCs and cloud computing applications, the way people use information in production and life is deeply optimized. Especially in the fields of healthcare, transportation technology and data access, semiconductor technology plays an irreplaceable value and occupies a growing share in the industry chain, becoming one of the leading sectors of the world economy.
Sanjay said that thanks to advanced computing performance, faster connection speeds and real-time data analysis required for new applications, the long-term prospects of the global semiconductor industry are bright and the industry will continue to expand. In the past 20 years, the global semiconductor sales business has been growing at a compound annual growth rate of nearly 7%, reaching $469 billion last year. China is now a huge semiconductor market, accounting for one-third of semiconductor sales in 2018.
Professor Wei Shaojun, vice chairman of the China Semiconductor Industry Association and director of the Microelectronics Institute of Tsinghua University, pointed out in his speech that the structure of China's semiconductor industry is distorted and that products are not the center of development. This distorted state is in urgent need of adjustment.
Wei Shaojun pointed out that two of the three integrated circuits produced in the world will be shipped to China. In 2018, China imported 417.6 billion integrated circuits worth US$312.1 billion; and exported 217.1 billion integrated circuits worth US$84.6 billion. The trade deficit hit a record high of $227.5 billion.