China becomes the largest 5G market in terms of user size

• 110+ million users in China have already signed up for 5G plans, making China the largest 5G market in terms of user size.

• Carriers have been aggressively setting up 5G base stations — more than 460,000 towers by July.

• China was adding an average of 15,000 new 5G base stations every week. The government has plans to raise that number to 600,000 by the end of 2020.

• China has sold over 93 million units of 5G mobile phones this year so far.

• The country produced over 100 billion units of ICs during the first half of 2020, with a 16.4% y-o-y gain, mostly from 5G-related projects.

Source: Techcrunch

Tanay Anand

Media & Data Science research lab @ Adobe