Today, Sanjay Mehrotra, President and CEO of Micron Technology, stated in his opening speech at the China International Semiconductor Expo that in the past 20 years, the global semiconductor sales has been growing at a compound annual growth rate of nearly 7%.
Sanjay pointed out that with the continuous breakthroughs in computing technologies in the areas of smartphones, PCs and cloud computing applications, the way people use information in production and life is deeply optimized. Especially in the fields of health care, transportation technology and data access, semiconductor technology has irreplaceable value and has occupied an increasing share in the industry chain, becoming one of the leading industries in the world economy.
According to Sanjay, with the advanced computing performance, faster connection speed and real-time data analysis required by new applications, the long-term prospects of the global semiconductor industry are bright and the industry will continue to expand. In the past 20 years, the global semiconductor sales has been growing at a compound annual growth rate of nearly 7%, reaching $469 billion last year. In addition, China is now a huge semiconductor market, with semiconductor sales in the Chinese market accounting for one-third of global sales in 2018.