According to TechInsights, China has maintained its position as the largest global IC consumer market since 2005, reaching a peak of $177.3 billion in 2021. However, it is expected to decrease by 7.3% in 2022. Besides the $164.4 billion in 2023, due to the global economic slowdown, China’s COVID-19 policies,
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In 2022, the per capita consumption expenditure of the national residents in China was 24,538 yuan, a nominal increase of 1.8% over the previous year,
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