May. 17, 2023 /SemiMedia/ — According to reports, chip production in mainland China saw its first monthly increase in 16 months in April.
Citing the latest data from China’s National Bureau of Statistics, the report said chip production rose 3.8% year-on-year to 28.1 billion units in April, the first monthly increase since January 2022.
In addition, in April, the output value of enterprises with an annual turnover of more than 20 million yuan (about $2.87 million) increased by 5.6% year-on-year, the largest monthly increase since October last year.
Earlier, China’s IC production fell 3% year-on-year in March, after falling 17% year-on-year in the previous two months, the report said. The increase points to a recovery in chip production in the world’s largest Semiconductor market.
It is worth mentioning that despite the increase in output, China’s overall IC import data is still in a downward trend. According to reports, in the first four months of this year, China’s total chip imports fell by 21% year-on-year to 146.8 billion.
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