LED lighting, smart grids, new energy and LTE communication are expected to boost China’s semiconductor production value beginning this year.
Emerging industries will steer developments in China’s semiconductor industry beginning this year. For a start, makers are looking at a 4 percent increase in production value from LED lighting, smart grids, new energy and LTE communication. Smartphones and TVs, panel computers, cloud computing, electric vehicles and personal medical electronics are also expected to drive demand.
Suppliers expect to benefit from the spreading global adoption of diode-based illumination as the “green” replacement for traditional incandescent technology. They are counting on the legislative action in the US, Europe, Japan, Australia and even China to accelerate the shift.