China and the United States semiconductor industry technology

China and the United States semiconductor industry technology
Semiconductor industry association between the two countries, China and America after several rounds of consultation discussion, today announced the formation of a common “sino-us working group on semiconductor industry technology and trade restrictions”, for the semiconductor industry in China and the United States to set up a timely communication mechanism of information sharing, communication, supply chain security, encryption technology on export control policy and trade restrictions, etc.

The two associations hope to enhance communication and exchanges through the working group and promote deeper mutual understanding and trust. The Working Group will address the concerns of the semiconductor industries of China and the United States through dialogue and cooperation in accordance with fair competition, intellectual property rights protection and global trade rules, and work together to build a robust and resilient global semiconductor value chain.

The working group plans to meet twice a year to share the latest progress in technology and trade-restrictive policies between the two countries. Based on the areas of common concern, the working group will explore countermeasures and recommendations and identify areas for further study. This year’s working group meeting will be held online and face-to-face meetings will be held in the future depending on the situation.

According to the outcome of the consultation, the two associations will appoint 10 semiconductor member companies to participate in the working group to share relevant information and conduct dialogue. The two associations will be responsible for the specific organization of the working group.