News Analysis
Chip sales in China have tumbled at a whopping rate, as productivity in the semiconductor-related sector has contracted dramatically, indicating that the country’s manufacturing industry is shrinking, according to the latest industrial report.
The Washington-based Semiconductor Industry Association (SIA) released data on Jan. 9 indicating that compared to the same period in 2021, China’s chip sales plummeted by 21.1 percent in November of 2022. Meanwhile, in the United States, chip sales rose by 5.2 percent; sales in Europe increased by 4.5 percent year-on-year; and sales in Japan went up by 1.2 percent.
China’s Industrial Recession Buffets Global Data
According to SIA statistics, in 2021, China alone made up $192.3 billion, or 34.6 percent, of $555.9 billion in global semiconductor industry sales, ranking first in the world….