29/08/2023
Mr. Song Shiqiang, the General Manager of Kinghelm and Slkor Semiconductor, stated that the electronic information industry is still in a strong trend, and there are opportunities for further development in Huaqiangbei. As of now, the disruptive new technologies that drive the "Kondratieff Cycle" of the economy have not yet emerged, and we are still in the era of electronic information. In recent years, developments such as AI, metaverse, Microsoft's ChatGPT, and Huawei's PanGu large model are on the rise, and the ongoing developments in electrification, informationization, and digitization are all closely tied to electronic components.
From large-scale military equipment like warships and missiles to everyday items like smart locks and televisions, from Apple's smartphones to Kinghelm's development of BeiDou GPS navigation products, all rely on chips. According to data from the General Administration of Customs of China, the total import value of chips in China for the first six months of 2023 decreased somewhat but still amounted to 162.609 billion US dollars.
Through incomplete statistics, it's estimated that nearly $600 billion USD worth of electronic components are imported, produced, processed, consumed, and exported through mainland China each year. Not only is the market capacity vast, but the diversity of products and the industry pe*******on are also strong, comparable to the leaders in the semiconductor industry chain.
Mr. Song Shiqiang, as a research expert on Huaqiangbei, noted that Huaqiangbei is a hub for electronic components and smart hardware. With a robust market capacity rooted in mainland China and a geographical advantage being situated near Hong Kong in southern China, the annual sales of electronic components have exceeded 240 billion yuan in recent years. This provides ample room for survival and adjustment in the industry.