Qualcomm Struggles To Meet Chip Demand As Chip Crisis Extends To Phones: Reuters yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
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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.
China chip industry group says working with US counterpart
Bloomberg
A Chinese semiconductor industry group said it has agreed to work with its U.S. counterpart on chip-related issues, a rare example of bilateral cooperation in an area that has become a focal point of tensions between Washington and Beijing.
The China Semiconductor Industry Association said Thursday in a statement on its website that it will form a working group with the Washington, D.C.-based Semiconductor Industry Association. 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, the statement said.