27 Feb '14, 6am

China auto semiconductor market drives up 11% in 2013, says IHS - Digitimes

China auto semiconductor market drives up 11% in 2013, says IHS Press release; Jessie Shen, DIGITIMES [Thursday 27 February 2014] The fast-growing semiconductor market for China's automotive industry is set for double-digit expansion in revenues in 2014, propelled by an increasing desire among Chinese car buyers for added vehicle safety features and helpful infotainment applications like car navigation, according to IHS. Chip consumption in 2014 by China's automotive industry will amount to US$4.6 billion, up 11% from US$4.1 billion in 2013, said IHS. The projected revenue growth improves on the already strong 10% rise of the China automotive chip market last year, and three more years of similar notable increases will take place. By 2017, revenues will reach US$6.2 billion, IHS forecast. "The replacement of midrange and high-end cars this year will drive the China chip ma...

Full article: http://www.digitimes.com/news/a20140227PR200.html

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