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China-based IC production to represent 21% of China IC market in 2026

IC production in China represented 16.7% of its US$186.5 billion IC market in 2021, up from 12.7% 10 years earlier in 2011, according to IC Insights. The share is forecast to increase by 4.5pp from 2021 to 21.2% in 2026, or a 0.9pp per-year gain on average, said the research firm.