Deloitte China: China's power semiconductor market is expected to reach $23.8 billion by 2027

Chinanews.com, Hong Kong, March 9 (Reporter Dai Xiaolu) Deloitte's China Technology, Media and Telecom Forecast 2023 was held in Hong Kong on Tuesday. According to the report, China's power semiconductor market is expected to reach $23.8 billion by 2027.

The forecast report analyzes how the development trend of the TMT(digital new media) industry will affect enterprises and consumers around the world by interpreting and forecasting from five categories: telecom, semiconductor, screen and media, technology and M&A.

In terms of semiconductors, the report shows that China is the world's largest demand country for power semiconductors, and the development of new energy photovoltaic is expected to drive the demand for power semiconductors further. Meanwhile, China's power semiconductor market will continue to grow in the next five years and is expected to reach $23.8 billion by 2027.

In terms of chip development, China is catching up with global technology, said Chen Shuxian, Deloitte China management consulting partner for technology, media and telecommunications. At present, China's self-developed wafer technology is gradually mature, and it has been able to independently manufacture high-end chips, which are applied to artificial intelligence, manned space technology and other fields. China's EDA(electronic design automation) market is expected to reach $2.74 billion by 2025, helped by the shift of the semiconductor industry to China, she cited the report as saying.

Deloitte China Technology, Media and Telecommunications South China Managing Partner Andrew Chan pointed out that Hong Kong's rich talent and research resources, as well as the recent establishment of high-end aerospace technology listed companies in Hong Kong, will help Hong Kong play a bigger role in the development of semiconductor technology.

Article from China News