McClean Report November 2025: China IC Market Review

China is projected to lead the global IC market, reaching $183 billion by 2025 with an 8% annual growth rate from 2025 to 2030, despite recent share losses.

China surpassed North America (specifically, the US) to become the world’s largest IC market in the early 2000s. China’s share of worldwide IC sales continued to grow and eventually reached 34% in 2020 before losing market share in recent years. China’s IC market is forecast to reach $183.0 billion in 2025, and total IC production in China, including domestic companies and foreign-based suppliers operating fabs in the country, is expected to reach $33.6 billion. China’s IC market is expected to increase at an average annual growth rate of 8.0% from 2025 to 2030.