The Chinese telecom market is rapidly growing on the back of strong government support, heavy investment in infrastructure and rising penetration in low and middle class groups.

The global semiconductor revenues swelled by 3.8% last year compared to 2006 and reached $273.9 Billion, according to Gartner.

The global sales of semiconductor industry went up by 3.8% to $63.4 Billion in the first quarter of 2008, revealed SIA.