Description
China: Integrated Circuits Production - Accumulated YoY Growth Rate is compiled and published by the National Bureau of Statistics (NBS). This indicator measures the annual growth rate of integrated circuit production, providing insights into trends and health in the semiconductor manufacturing industry. A higher growth rate indicates strong industry performance and expansion, while a lower or negative growth rate may suggest challenges or contraction.
Integrated circuits (ICs) are microelectronic devices that integrate multiple electronic components (e.g., transistors, resistors, capacitors) on a single semiconductor chip. This design significantly reduces the size of the circuit and is widely used in various electronic devices, from smartphones and computers to household appliances.
The growth rate is calculated by comparing the cumulative integrated circuit production of the current year with the same period of the previous year. This involves adding up the monthly production figures and calculating the percentage change from the same period last year.
This data is updated monthly, typically released within the first 15 days of each month, providing cumulative values up to the previous month.