china: China's semiconductor industry output reached 1.6 trillion yuan 231 billion in 2018, accounting for nearly a 50 percent share of the global market, according to Wang, according to Global Times China. According to the white paper on development trends in the global semiconductor market released by CCID Consulting on Saturday, China's semiconductor market led the world in terms of growth rate, rising 20.5 percent year-on-year, 6.8 percentage points higher than the global average. China is playing an increasingly important role and has been one of the main driving forces for the development of the world's integrated circuit IC industry, Wang Xinzhe, chief economist at China's Ministry of Industry and Information Technology said at the 2019 World Semiconductor Conference in Nanjing, capital of East China's Jiangsu Province, on Friday. Christopher Millward, president of the United States Information Technology Office, said that as a critical part in the value chain of the IC industry, China is not only a prime consumer, but also an innovator and developer. Experts noted that the extreme strangulation, which is intended to hold back China's high-tech development, will push the nation's semiconductor industry to develop in a faster manner. The rapid growth of China's semiconductor market is coming amid an escalating trade war between China and US. The US Department of Commerce announced on Thursday that Chinese technology giant Huawei and 70 of its affiliated companies would be included in an entity list of export controls, prohibiting Huawei from buying technology or parts from US companies.
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