The growth rate is expected to remain at around 20 percent and take the market to RMB240 billion (about $36.3 billion) in 2018. According to TrendForce's forecast of 2017 IC design industry revenue ranking, the state-owned Datang Semiconductor will drop out of top 10, while WillSemi and GigaDevice enter the list. Spreadtrum's drop in revenue is ascribed to price pressures on the mid- to low-end of the mobile phone market. In contrast HiSilicon's success is due to the success of its Kirin application processors in displacing Qualcomm silicon in high-end phones.
Ranking of Chinese chip companies by 2017 revenue. Source: TrendForce. Notes 1) Ranking only includes companies based in mainland China. 2) Companies such as Omnivision, ISSI, in the process of being acquired are excluded from this ranking.
Market leader HiSilicon, owned by Huawei, has adopted 10nm manufacturing process technology and both HiSilicon Sanechips (ZTE Microelectronics) provide narrowband-IoT chip solutions. Cambricon Technologies and Horizon Robotics are racing to develop machine learning chips. Unigroup Spreadtrum RDA, Datang, and HiSilicon have released products for 5G network.
Goodix is a maker of fingerprint sensors and it is growing faster than market leader Fingerprint Cards AB (Gothenberg, Sweden). GigaDevice has entered the top ten as it has branched out from NOR flash into 32bit MCUs. Its 2017 revenue is expected to increase by more than 40 percent.
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