There are speculations that the government led by US President Joe Biden may relax certain trade restrictions on Chinese semiconductor companies in order to alleviate the global chip shortage. This move may benefit Chinese companies from Huawei to SMIC.
According to the report, the CSIA issued a statement on its website that the working group aims to promote "a deeper level of mutual understanding and trust" between the semiconductor industries of China and the United States, and solve problems through dialogue and cooperation. The American Semiconductor Industry Association, headquartered in Washington, has not announced the establishment of a joint working group.
CSIA said in a statement that the two parties will each appoint 10 semiconductor member companies to participate in the working group, and plan to hold two meetings a year to share the latest developments in technology and trade restriction policies between the two countries and discuss corresponding countermeasures and suggestions.
According to a report on March 12 by the Nihon Keizai Shimbun, the China Semiconductor Industry Association, an industry group composed of Chinese semiconductor companies, announced on the 11th that it will set up a dialogue window with industry groups in the United States to negotiate on issues such as the US government’s sanctions on Chinese companies Countermeasures. It seems that the Chinese side who wants to maintain the supply chain of the semiconductor industry and the US side who wants to find business opportunities in the Chinese market have reached an agreement on their thinking.
The "Sino-US Semiconductor Industry Technology and Trade Restriction Working Group" plans to hold two regular meetings a year to focus on the impact of policies related to technology and trade rules, such as export restriction measures set by the United States, maintenance of the supply chain, and prevention of technical information leakage. Dialogue and research to provide advice to the government and enterprises. In addition to hoping to resolve the issues between the United States and China through dialogue, there is also the purpose of deepening mutual trust between the two sides.
(Source: Reference News Network)
