IC Insights: Increased relevance, China's economy will affect the global IC market

  On January 22, IC Insights latest report pointed out that global GDP growth will drive the growth of IC market. The correlation coefficient between global GDP growth and IC market growth from 2019 to 2023 is expected to reach 0.93, higher than 2010-2018. 0.86 of the year.

Between 2010 and 2018, the correlation coefficient between global GDP growth and IC market growth was 0.86 (or 0.91 if it was not included in the 2017 and 2018 memory markets), which is a fairly strong figure, close to perfect Related 1.0.

Prior to this, from 1980 to 1989, Japanese companies began to add IC market and increase production capacity. From 1990 to 1999, Korean and Taiwanese companies also began to enter the IC market. During these two periods, global GDP growth and IC market growth were almost no. Relevance. In the early 2000s, there was a relatively weak correlation with a coefficient of 0.63.

IC Insights believes that more and more mergers and acquisitions have led to a decline in major IC manufacturers and suppliers, which is a major change in the supply base and an indication that the industry is becoming more mature and contributing to global GDP. There is a closer correlation between growth and IC market growth.

In addition, another reason for the increase in the correlation between global GDP growth and IC market growth is the continued transformation of the consumer-driven IC market. According to IC Insights, about 60% of the IC market was driven by business applications 20 years ago, and 40% was driven by consumer applications. Today, the percentage of the two has been interchanged. Therefore, as consumer-oriented environments drive electronic system sales and the growth of the IC market, the health of the global economy is becoming increasingly important in measuring IC market trends.

In addition, according to Reuters, one-third of global economic growth has come from China in the past decade. Although China's GDP grew by 6.6% in 2018, the growth rate is already at a 28-year low. The signs of a slowdown in the Chinese economy will lead to worries about global economic risks, which will inevitably have an impact on the global IC market.