Product category:
Communications ICs (Wired)
News Release from: STMicroelectronics
Edited by the Electronicstalk Editorial
Team on 19 April 2007
STM supplies to Chinese car builders
A European semiconductor company has been recognised as China's number one automotive semiconductor supplier for 2006 by the independent industry analyst iSuppli Corporation.
STMicroelectronics has been recognised as China's number one automotive semiconductor supplier for 2006 by the independent industry analyst iSuppli Corporation According to the iSuppli report highlighting the 2006 China's automotive semiconductor market, ST captured a 15.7% share of the market and moved into first place among suppliers of automotive semiconductors
This article was originally published on Electronicstalk on 8 Nov 2004 at 8.00am (UK)
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China's automotive electronic systems are developing rapidly and iSuppli predicts that their production will double, reaching $18.4 billion in 2011.
During the same period, the automotive semiconductors that supply these systems are also forecast to nearly double their 2006 volume to reach $2.8 billion in 2011.
The greatest increase in volume in 2006 was driven by the automotive entertainment (video and audio) sector.
iSuppli expects that the cumulative total addressable market (TAM) between 2006-2011 for automotive entertainment systems will reach $7.38 billion, and the cumulative TAM for other electronic systems will reach $5.87 billion.
"Entertainment semiconductors have been driving most of China's automotive semiconductor revenues for the past five years, and Power Train and Body applications are expected to see the same tremendous growth in the coming years", says Bruce Liu, Director of Greater China's Automotive Segment at STMicroelectronics.
"ST is committed to maintaining its strong position in all major applications from power train, car body, and safety to entertainment and digital broadcasting".
"Leveraging its strength in automotive electronics, ST has been extremely successful in this fast-growing and important market segment in China".
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