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China, US semiconductor groups team up to solve industry concerns

China, US semiconductor groups team up to solve industry concerns By Ma Si | chinadaily.com.cn | Updated: 2021-03-11 16:23 Share CLOSE Employees work at a semiconductor production facility in Chenzhou, Hunan province. [Photo by He Maofeng/for China Daily] The China Semiconductor Industry Association, an association of 774 Chinese chip companies, said on Thursday that it has partnered with its United States counterpart to establish a working group to create an avenue for communication on issues such as export controls and supply chain security . The move came as the world is grappling with a shortage in the supply of chips for smartphones, personal computers, automobiles and other products.

US and China Team Up to Address Semiconductor Chip Shortage

China-US working group to tackle tech and trade restrictions in semiconductor industry

SOURCE / ECONOMY Trump-era trade restrictions hurt semiconductor sector severely By GT staff reporters Published: Mar 11, 2021 07:53 PM An employee showcases a semiconductor integrated circuit at an industry expo. Photo: VCG Chinese semiconductor-related stocks soared on Thursday after the announcement of the establishment of a joint China-US working group for the semiconductor industry. Members of the group will work together on information sharing and bilateral communications over trade barriers, supply-chain security and other related issues. Shanghai Huahong Integrated Circuit rose 13.97 percent, closing at HK$46.5 ($5.99) and Semiconductor Manufacturing International Corp (SMIC) was closed at HK$26.7, up by 10 percent in Hong Kong stock market. Other related companies also saw certain level of growth.

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