With a compound annual growth rate of 17% , the 2021 China integrated circuit industry sales hit the

IC industry is the core of information industry and the key force leading a new round of scientific and technological revolution and industrial transformation. China is an important IC market in the world. In recent years, with the joint efforts of domestic and foreign enterprises, the scale of IC industry has been growing.

According to Qiao Yueshan, director-general of the Department of Ministry of Industry and Information Technology of the People's Republic of China Electronics and information, 2021 industry sales in China have exceeded trillion yuan for the first time, with a growth rate of 172021 cent from 2018 to 2021, more than three times the global growth rate in the same period. The ability of technology innovation and the level of chip products have been improved, which can meet the development needs of the new generation of information technology and the application needs of the industry.

In 2020, “The new era to promote the integrated circuit industry and software industry high-quality development of a number of policies,” It lays a solid foundation for promoting the free flow of factor resources, strengthening the protection of intellectual property rights, creating a fair and just market environment, promoting the high-quality development of the integrated circuit industry, and building an industrial system of global cooperation and win-win development.

However, while making achievements, the IC industry is still faced with weak industrial foundation, high-end chip supply problems. In response, Qiao Yueshan said that the next step, the Ministry of Industry and information technology will do a good job in the“New era to promote the integrated circuit industry and software industry high-quality development of a number of policies” implementation. They include: insisting on integrated innovation, continuously injecting vitality into industrial development, promoting the innovation and development of all links of the industrial chain, and making the market bigger and stronger; adhering to the market orientation, and giving full play to the decisive role of the market in allocating resources, we will strive to create a sound industrial ecosystem; persist in policy coordination, coordinate the implementation of existing supportive policies, strengthen the protection and application of intellectual property rights, and continuously improve the environment for industrial development; and continue to open up and share, further opening up, we will raise the level and level of international cooperation and jointly seize market development opportunities.