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Micron CEO: China's market has accounted for one-third of the world's semiconductor sales last year

On September 3, the 2nd Global IC Entrepreneur Conference and the 17th China International Semiconductor Expo opened grandly. Sanjay Mehrotra, the rotating chairman of the American Semiconductor Industry Association and president and CEO of Micron Technology, stated in his opening speech that in the past 20 years In the world, the global semiconductor sales business has been growing at a compound annual growth rate of nearly 7%.

Sanjay pointed out that with the continuous breakthroughs in computing technologies in the areas of smartphones, PCs and cloud computing applications, the way people use information in production and life is deeply optimized. Especially in the fields of healthcare, transportation technology and data access, semiconductor technology plays an irreplaceable value and occupies a growing share in the industry chain, becoming one of the leading sectors of the world economy.

Sanjay said that thanks to advanced computing performance, faster connection speeds and real-time data analysis required for new applications, the long-term prospects of the global semiconductor industry are bright and the industry will continue to expand. In the past 20 years, the global semiconductor sales business has been growing at a compound annual growth rate of nearly 7%, reaching $469 billion last year. China is now a huge semiconductor market, accounting for one-third of semiconductor sales in 2018.