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people's daily online, beijing, september 25 (reporter wang zhen) recently, customs data showed that in the first eight months of this year, my country's integrated circuit exports amounted to 736.04 billion yuan, an increase of 24.8%; integrated circuit exports have exceeded automobiles (the export value of automobiles in the same period was 540.84 billion yuan), becoming a major category of china's export products.

data shows that my country's integrated circuit exports are emerging from downward pressure and gradually regaining their "vitality."

in the long term, the export value of integrated circuits has increased by more than 1.5 times in the past decade. in 2023, the export volume and export value of integrated circuits in my country will reach 267.8 billion and 956.77 billion yuan, respectively, an increase of 74.5% and 155.9% compared with 153.5 billion and 956.77 billion yuan in 2014.

data source: general administration of customs map: wang zhen

from 2022 to 2023, the global chip industry is in a downturn, and the main tone of the market has changed from "grabbing chips" to "destocking". according to a report released by the semiconductor industry association (sia), the global semiconductor industry sales in 2023 will total us$526.8 billion, a year-on-year decrease of 8.2%. affected by this, the growth rate of my country's integrated circuit exports in 2022 and 2023 will drop to 3.5% and -5% respectively, ending five consecutive years of double-digit high-speed growth.

this year, this situation has begun to reverse. according to monthly data, in august, my country's integrated circuit exports amounted to 95.18 billion yuan, a year-on-year increase of 18.2%. the export volume has increased year-on-year for 10 consecutive months.

integrated circuits are considered a typical cyclical industry, with an average cycle of 4 to 5 years. analysts believe that the industry is currently emerging from the recession. ai intelligent application innovation represented by chatgpt, as well as the trend of intelligent and electrified vehicles, will continue to drive the integrated circuit industry to stabilize and rise.