Semiconductos to generate $51.7 bln in 2007 in China

Semiconductor shipments in China would rise to $51.7 bln in 2007, up 20% from $43 bln in 2006. This compares to 15% revenue growth in 2006. After expanding by 39.8% in 2004, China’s semiconductor industry has settled into a more sustainable average growth rate ranging from 10 to 20%, iSuppli says.