Despite the weak demand in the semiconductor market in recent years, China's semiconductor industry has received attention from major semiconductor manufacturers due to numerous favorable conditions such as abundant population dividends, huge market demand, stable economic growth, and industrial support policies.

On March 16th, Jiang Han, Vice President of Texas Instruments and President of China, a US chip manufacturer, stated at a media conference that Texas Instruments' new goal is to achieve a revenue of $45 billion by 2030 and hopes that the growth rate in China will be faster than that of the world. Last year, there were rumors that Texas Instruments had layoff plans in China. Jiang Han reiterated at the meeting that Texas Instruments had not made any layoffs in the Chinese market, which was a misunderstanding of the company's internal resource adjustments. "So far, we have not laid off any employees, only made some resource adjustments, and we do not have any plans in this regard. We are still recruiting in spring this year, and we have recruited more people than last year

Texas Instruments TI Target to Achieve $45 billion in Revenue by 2030, Continuously Positive for the Chinese Market

Jiang Han stated that the second packaging/testing plant (CDAT2) of Chengdu Dezhou Instruments, which started construction in 2018, is expected to be put into operation by the end of this year, and all equipment is currently under installation and testing. After full production, CDAT2 will double Chengdu's packaging/testing capacity. As an end-to-end integrated manufacturing base, its Chengdu manufacturing base integrates wafer manufacturing, packaging, testing, bump processing, and wafer testing.

In addition to Texas Instruments, major semiconductor manufacturers around the world have recently expressed their expectations for the Chinese market.

According to data from the World Semiconductor Trade Statistics Association (WSTS), global semiconductor sales slowed down in the second half of 2022, but sales in 2022 remained as high as $573.5 billion, an increase of 3.2% compared to $555.9 billion in 2021. Although sales in China decreased by 6.3% compared to 2021 to $180.3 billion, it remains the world's largest chip consumer market.

According to the official website of the National Development and Reform Commission, on March 7th, Gao Jian, Deputy Director of the International Department of the National Development and Reform Commission, met with a delegation led by Ye Xiaowei, Senior Vice President of Qualcomm Global. Ye Xiaowei stated that Qualcomm's research and development center in China is currently progressing smoothly and is willing to continue to contribute to China's high-quality development.