The semiconductor imports by China have seen a modest decline in the month of April, falling from the all time high that the region recorded last month. The news arrives amid the booming sales of chips across the globe.
According to an SCMP report, the latest figures were revealed by the nation’s customs authorities, as the shortage of semiconductors affect various industries worldwide. As per data released by the General Administration of Customs, China shipped 54.7 billion semiconductor units in April alone. These were worth 33.1 billion US Dollars. This marked a slight decline of 7 percent quarter on quarter, falling from 58.9 billion semiconductor units shipped in March 2021.
However, it was still a 23 percent surge when compared to the same month from back in 2020, which had imports worth 27 billion US Dollars from 44.4 billion units. Notably, the country’s semiconductor imports are also up by 30.8 percent this year compared to the same period last year. Shipments during this time reaching 210 million units, being valued at 126 billion US Dollars in just the first four months. This news arrives as the world faces a global semiconductor shortage that has caused issues in production of automobiles, smartphones, computers, and even home appliances as well.
Back in 2020, the global semiconductor market’s revenue had risen by 10.8 percent, reaching 464 billion US Dollars. This is expected to further grow this year due to accelerated demands for chips despite the ongoing shortage. It is expected that the industry will see a 12.5 percent growth overall, reaching 522 billion US Dollars this year thanks to growth in consumer products, computing, 5G, and automotive applications as well.
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