China Chip Industry Group Says It’ll Work With U.S. Counterpart

Bloomberg2021-03-11

Shares of firms in semiconductor industry surge on the news Tech has become a focus of tensions in China-U.S. relationship A Chinese semiconductor industry group says it has agreed to work with its U...

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Ten chip companies from each nation will meet twice a year to discuss policies ranging from export curbs to supply-chain safety and encryption technology, thestatement said.\nShares of Chinese firms involved in the chip industry advanced after the statement appeared on the CSIA’s website. Semiconductor Manufacturing International Corp. rose as much as 12% in Hong Kong trading. Hua Hong Semiconductor Ltd. and Shanghai Fudan Microelectronics Group Co. surged at least 13% and 14% respectively.\nCSIA didn’t immediately respond to a request for comment. The U.S. group, which represents firms like Intel Corp. and Qualcomm Inc., hasn’t posted a statement on its website about any cooperation and didn’t respond to a request for comment sent after business hours.\nThe future of the semiconductor industry is becoming a major issue in the tense U.S.-China relationship. Premier Li Keqiang vowed in a major speech last week that his country would boost spending and drive research into cutting-edge chips and artificial intelligence as China seeks to cut reliance on U.S. technologies. The Asian nation imports $300 billion of semiconductors annually.\nThe Trump administration took steps to limit the growth of Chinese national champions such as Huawei Technologies Co. and SMIC, China’s largest chip producer. U.S. President Joe Biden has put technologies such as semiconductors, artificial intelligence and next-generation networks at the core of its policies toward China, and said it will standup toChina and other “techno-autocracies.”\nCooperation between industry groups is badly needed, said Stewart Randall, head of electronics at consultancy Intralink in Shanghai. “It would be a disaster if two semiconductor worlds were created where nothing was inter-operable or there were no standards,” he said.\nCSIA was formed by China’s top chip suppliers, labs and investors, including some that are on Washington’s blacklist, according to its website. Its management team is who’s-who of some of the most prominent figures in the country’s semiconductor industry. The association’s head is Zhou Zixue, chairman of Hong Kong-listed SMIC. Xu Zhijun, deputy chairman on Huawei’s board, and Zhao Weiguo, chairman of Tsinghua Unigroup, are board members.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":11,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1156707742"}