New opportunities for connector industry.

Current demand for high-end chips in the Chinese market is also forcing companies to develop towards high-end. According to statistics from the General Administration of Customs, China's imports of integrated circuits in 2020 exceeded 350 billion U.S. dollars, of which 543.5 billion pcs chips was imported; China totally exported 116.6 billion U.S. dollars in chips and 259.8 billion pcs chips.

Although China’s demand for high-end chips is more dependent on imports, objective factors such as the new crown epidemic and international trade disputes have brought a negative impact on the global supply chain, which will inevitably prompt terminal companies to pay more attention to local suppliers and to This is a huge opportunity for enterprises, and it also indirectly promotes the localization of connectors.

"The current chips are mainly imported chips, but the shortage of chips has caused a certain impact on the market. Now the country and enterprises are also working hard on research and development. If domestic chips can keep up with the current functions and market demand, the future The year will soon occupy an important part of the entire market." said the general manager of a fast charging manufacturer interviewed.

Although the general trend of chip development in the market is uncontrollable, connector companies can adjust themselves to reduce risks. As a passive component, we should pay more attention to the chip manufacturer's dynamics and market trends in order to gain insight into the business decision-making and remain invincible.