Chinese integrated circuit industry revenue jumps 22% to $245B

China’s semiconductor industry is on track to generate roughly $245 billion in revenue in 2025, a 22% leap from the prior year. That figure cements the country’s position as the single largest national consumer market for chips. For context, global semiconductor sales grew at a similar clip, roughly 22%, to reach around $772 billion. The companies driving the surge Two names stand out in the revenue data. SMIC, China’s largest chip foundry, reported record full-year revenue of $9.3 billion, a 16% increase year-over-year. The company is already projected to surpass $11 billion in 2026. Then there’s CXMT, China’s leading memory chip manufacturer. Its revenue more than doubled, surging 130% to exceed $8 billion. Follow the money: $200 billion and counting China’s National Integrated Circuit Industry Investment Fund, often called the “Big Fund,” raised $47.5 billion in its third phase in 2024 alone. Since the fund’s inception in 2014, cumulative investment has reached nearly $200 billion. The strategy has a specific target: capturing approximately 10% of the global semiconductor market share by 2030. Chinese foundries and outsourced semiconductor assembly and test (OSAT) providers have...