On October 14, 2014, China’s Ministry of Industry and Information Technology (MIIT) announced the establishment of the National Integrated Circuitry Industry Investment Fund. This fund shows China’s intention of building a domestic semiconductor sector with the DRAM industry as the cornerstone.
As applications of Big Data and Internet of Things (IoT) technologies widen, online-to-offline (O2O) will become the prevalent business model. The latest research by Topology Research Institute (TRI), a division of TrendForce, finds the falling prices of IC components drive down the costs of sensors. This trend in turn accelerates the developments in the IoT industry related to technological advances and entries into different vertical markets.
The global market value from the external sales of LED chips grew 18% from US$3.677 billion in 2013 to US$4.35 billion in 2014, according to the 2015 Global Sapphire and LED Chip Market Report by LEDinside, a division of TrendForce. The share of Chinese companies in the external sales market also rose from 27% in 2013 to 36% in 2014.