China’s Chip Market Expected to Shrink by 18% to $135 Billion in 2023
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,