BEIJING – China's IC output numbered 19.74 billion for the first half of the year, up 15.2% year-over-year, according to China's CCID Consulting.

Sales revenues totaled $8 billion, up 33.2% year-over-year, CCID says. However, this represents a fallback from the 48% growth in the first half of last year.

''China's IC industry will … enter a relatively stable development cycle,'' according to the firm. CCID says growth will drop to around 30% for the year, while sales revenues are expected to remain around $17.3 billion.