Electronic Components Industry: Opportunities and Challenges in Huaqiang North

 Slkor (www.kinghelm.com.cn) General Manager Song Shiqiang said that the electronic information industry is still in the industry’s momentum, Huaqiang North’s development still has opportunities. For the moment, the disruptive new technology that drives the economic “Compo cycle” has not yet appeared, and we are still in the era of electronic information.

In recent years, the development of AI, meta-universe, Microsoft ChatGPT and Huawei Pangu model is booming, the continuous development of electrification, information technology, digitalisation are inseparable from electronic components. Big to war warships, missiles, small to the people’s smart door locks, TV sets, from Apple’s smart phones to kinghelm (www.kinghelm.com.cn) development of Beidou GPS navigation products, are inseparable from the chip.

China’s General Administration of Customs data, China’s chip 2023 January-June total imports decreased quite a lot still amounted to 162.609 billion U.S. dollars. According to incomplete statistics, every year through the mainland China imports, production and processing, consumption and export of electronic components close to $600 billion, not only the market capacity is very large, the richness of the product and industry penetration rate is very strong, comparable to the dominant semiconductor industry chain.

Mr Song Shiqiang as Huaqiang North research experts said, Huaqiang North is the distribution of electronic component products and intelligent hardware, there are rooted in mainland China’s strong market capacity, as well as located in South China adjacent to Hong Kong’s geographical advantages, in recent years, annual electronic component sales of more than 240 billion yuan, there is a lot of room for survival and adjustment time.