Wednesday, December 12, 2007

Chinese Chips

China is on the move in the chip market as in other field and its market has grown 15% in 2007. The market research firm iSuppli Corporation released these figures which marked the first time a maturing Chinese market exceeded $50 billion in revenue.


The increased numbers arose largely from sales of chips for industrial control systems like motor controls, security and surveillance systems, and automotive electronics. Communication equipment markets are also robust.


The latest released indicates how the Chinese market benefits from American sluggishness. Chinese growth is expected to slow somewhat though.