Electronic components, as the foundation of the electronic information industry, are playing an increasingly vital role in ensuring the long-term stable growth of China’s electronic information manufacturing sector. In early 2021, the Ministry of Industry and Information Technology launched the “Action Plan for the Development of Basic Electronic Components Industry” to build a large and robust basic electronic components industry and foster leading enterprises.
National industrial policies provide active support for the manufacturing industry of electronic components, which is a long-term focus of national development. Through the issuance of a series of laws, regulations, and policy documents, the country has laid a solid policy environment foundation, promoting further development of the industry. The “Fourteenth Five-Year Plan and Vision for 2035” outlines measures to nurture and strengthen emerging digital industries such as artificial intelligence, big data, blockchain, cloud computing, and cybersecurity, while also elevating industries such as communication equipment, terminal connectors, core electronic components, and key software, bringing new growth opportunities to the sector.
The burgeoning downstream demand is driving the development of the electronic components industry. In recent years, driven by the continuous development of mobile internet technology, improvement in the manufacturing level of consumer electronic products, and the increase in residents’ income levels, the electronic components industry has shown a vigorous development trend. In the future, with the integration of emerging technologies such as 5G, the Internet of Things, artificial intelligence, virtual reality, and new displays with consumer electronic products, the demand for electronic components will continue to increase, leading to continuous expansion of the market size.
China’s domestic terminal connector enterprises are entering a golden period of development. Despite starting relatively late, the mainland’s electronic device manufacturing industry has seized golden development opportunities due to manufacturing industry transfers and the urgent need for supply chain security amidst the China-US trade war. Domestic manufacturers such as Shanghai Lianjie Electric, Shanghai Youle Electric, and Beijing Yilian Gou have emerged as leaders in the terminal connector field, demonstrating tremendous growth potential.
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