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US and China establish semiconductor working group to deal with export control and supply chain security
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Global Chipmakers Soar As China Establishes Working Group With US To Deal With Shortages
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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.
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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