Texas Instruments TI aims to achieve $45 billion in revenue by 2030

Although the semiconductor market demand has been weak in recent years, the Chinese semiconductor industry has attracted the attention of most semiconductor manufacturers due to its rich demographic dividend, huge market demand, stable economic development, and industrial support policies.

On March 16th, Jiang Han, Vice President of Texas Instruments and President of China, an American chip manufacturer, stated at a media exchange meeting that Texas Instruments' new goal is to achieve revenue of $45 billion by 2030, hoping that China can grow faster than the world. Last year, there were rumors that Texas Instruments had a layoff plan in China. Jiang Han reiterated at the meeting that Texas Instruments has not laid off employees in the Chinese market, which is a misunderstanding about the internal resource adjustment of the company. "So far, there have been no layoffs, but some resource adjustments have been made. We have no plans in this regard. We are still recruiting in the spring this year, with more people recruited than last year.".

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Jiang Han stated that in 2018, the second packaging/testing plant (CDAT2) of Chengdu Dezhou Instruments is expected to be put into production this year, and various equipment has been installed and tested. After CDAT2 is put into production, Chengdu's packaging/testing capacity will double. As an end-to-end comprehensive manufacturing base, Chengdu Manufacturing Base integrates wafer manufacturing, packaging, testing, bump processing, and wafer testing.

In addition to Texas Instruments, most semiconductor manufacturers in the world have recently expressed expectations for the Chinese market.

According to the World Semiconductor Trade Statistics Association (WSTS), global semiconductor sales slowed in the second half of 2022, but sales in 2022 still reached $573.5 billion, an increase of 3.2% compared to $555.9 billion in 2021. Although China's sales fell 6.3% to $180.3 billion compared to 2021, it remains the world's largest chip consumer market.

According to the official website of the National Development and Reform Commission, on March 7, Gao Jian, Deputy Director of the International Department of the National Development and Reform Commission, met with Ye Xiaowei, Global Vice President of Qualcomm, and his delegation. Ye Xiaowei expressed that Qualcomm has made smooth progress in its research and development center in China and is willing to continue to contribute to the high-quality development of China.

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