China Faces both Opportunity and Challenge in Semiconductor.

(From SinoCast China IT Watch)

SHANGHAI, March 09, SinoCast -- China faces both opportunity and challenge in the semiconductor industry, comments Yu Zhongyu, secretary-general of China Semiconductor Industry Association (CSIA) at the annual conference of CSIA on March 7.

"China achieved industrywide revenues of CNY 100.63 billion in 2006, and has become the world's largest semiconductor market. At the same time, China imported USD 100 billion worth of semiconductor products, also the number one in the world," added Mr. Yu.

However, he expressed his worries, especially the future severe competition from India, which has vowed to battle against China …