普华永道（PWC）-中国对半导体行业的影响_-_2015年报告_mar2016_42页_2mb

Summary of China's Impact on the Semiconductor Industry: 2015 Update

Core Content

This report provides an overview of China's growing influence on the global semiconductor industry, highlighting its market consumption, industry growth, design capabilities, manufacturing capacity, and key players. It outlines the trajectory of China's semiconductor market from 2003 to 2014, emphasizing its rapid expansion and the implications for global market dynamics.

Main Points

China's Semiconductor Market Growth

• China's semiconductor consumption has grown significantly faster than the global market.
• From 2003 to 2014, the global semiconductor market grew by $169 billion, while China's consumption grew by $173 billion.
• In 2014, China accounted for 56.6% of the global semiconductor market, marking the third consecutive year of surpassing the global market share.
• China's semiconductor consumption grew at a 10-year CAGR of 18.8%, compared to 4.7% for the global market.
• In 2014, China's semiconductor consumption increased by 12.6%, outpacing the global market growth of 9.8%.

China's Semiconductor Industry Growth

• China's semiconductor industry revenue grew by 17.5% in 2014, reaching a record $77.3 billion.
• The industry has grown at a 20.5% CAGR from 2004 to 2014, outperforming the consumption growth.
• China's share of the global semiconductor industry rose to 13.4% in 2014, up from 12.0% in 2013 and 11.6% in 2012.
• The IC industry (design, manufacturing, and packaging/test) represented the main growth driver, contributing 34% to the total semiconductor industry revenue in 2014.

China's Semiconductor Design Industry

• The IC design sector is the fastest-growing segment in China's semiconductor industry.
• In 2014, the design industry revenue reached $17.1 billion, growing at 30%.
• The number of IC design enterprises increased from 583 in 2013 to 664 by 2014, a net increase of 81.
• Of these enterprises, 250 are likely design or R&D units of foreign multinational companies.
• The number of design enterprises with capabilities at 0.25 microns or less increased by 16%, accounting for 46% of the total IC design enterprises.
• These companies generated 53% of the total IC design revenue in 2014, up from 34% in 2013.

China's Semiconductor Manufacturing

• China's wafer fabrication capacity has remained relatively stable from 2011 to 2014, but its share of global capacity increased from 10.8% to 12%.
• In 2014, China had 165 wafer fabs in production, up from 160.
• The global wafer fab capacity decreased by 157K (7.4%) 8-inch equivalent WSpM, while China's increased by 35K (1.5%).
• China's foundry production (Dedicated and IDM combined) accounted for 39% of its total wafer fab capacity, compared to 28% globally.
• China's share of advanced technology node (28nm or less) capacity was 5% globally in 2014, a new milestone.

Key Players in the Chinese Semiconductor Market

• The top semiconductor suppliers to China in 2014 included Intel, Samsung, TI, Toshiba, SK Hynix, ST, Freescale, AMD, Qualcomm, and others.
• These ten companies accounted for 42.4% of China's semiconductor consumption in 2014, down from 43% in 2012 and 45% in 2011.
• Qualcomm moved from 10th to 4th place in the top 10 ranking between 2012 and 2014.
• The top 10 suppliers' revenue increased by 11% in 2014, slightly less than the overall growth of China's semiconductor market.

Key Information

• Market Concentration: China's semiconductor market is becoming less concentrated compared to the global market, as the share of the top 10 suppliers declined.
• IC Consumption/Production Gap: In 2014, the gap between China's IC consumption and production reached $20.1 billion, up from $17.3 billion in 2013. This gap is expected to grow to $151.5 billion by 2017.
• Government Initiatives: China's government policies, such as tax incentives, have played a significant role in the growth of its semiconductor industry, especially in the design sector.
• Technology Trends: China's design industry is moving towards finer process technologies, with a notable increase in the number of companies capable of producing ICs with line widths of 0.25 microns or less.

Conclusion

China has become a dominant force in the global semiconductor market, with its consumption and industry growth outpacing the global average. Despite its significant market share, the country still faces challenges in reducing the IC consumption/production gap and increasing indigenous production. The design sector is showing the most promise, with a growing number of enterprises and a shift towards more advanced technologies. The manufacturing sector, while contributing less than the design and consumption sectors, is also evolving and becoming more competitive.