➀ China's IC exports reached $104 billion in the first eight months of 2024, marking a 24.8% year-on-year increase; ➁ This growth is more than 1.5 times the level of a decade ago; ➂ Despite a downturn in the global chip industry in 2023, China's IC export growth rate improved from 3.5% in 2022 to 18.2% in August 2024.