According to Zhou Shengming, Director of the Consulting Panel at the Shenzhen Semiconductor Industry Association, Shenzhen's integrated circuit (IC) industry generated a revenue of 283.96 billion yuan in 2024, registering a substantial year-on-year growth of 32.9%, surpassing initial projections. This remarkable performance is a testament to Shenzhen's comprehensive strategic layout and accelerated development in the semiconductor and IC sectors. Factors contributing to this growth include an expansion in the number of enterprises, enhanced integration within the industrial chain, and robust technological innovation. Consequently, Shenzhen has emerged as a pivotal driver propelling the advancement of China's semiconductor industry.