20:41, 19-Apr-2018
China High-Tech Development: Ending reliance on developed countries for high-tech products
[]
Share
Copied
00:56
The US components embargo against ZTE highlights China's urgent need to further develop its high-tech sector. Over 60 percent of the chips and conductors in ZTE's electronics are imported.
China has the world's largest consumer market for semiconductor products, importing over 200 billion US dollars worth of chips each year. Its top suppliers are developed countries like the US and Japan.
However, China has made building a world-class semiconductor industry a major national priority, investing billions of dollars in boosting its domestic industry.
According to a recent report from IC Insights, a US-based semiconductor market researcher, Chinese companies have shown the largest market share gain since 2010, though US firms still held a lead as of last year.