Home Trade association Chinese chip group ‘troubled’ by US export restrictions, Auto News, ET Auto

Chinese chip group ‘troubled’ by US export restrictions, Auto News, ET Auto

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Last week, the US Department of Commerce passed a set of regulations aimed at limiting the progress of China’s semiconductor industry.

China’s leading chip trade group said on Thursday it was “disappointed” with recent U.S. export controls and warned they could put more pressure on global supply chains.

Last week, the US Department of Commerce passed a set of regulations aimed at limiting the progress of China’s semiconductor industry.

If widely enforced, the regulations could ban research labs and commercial data centers from accessing advanced AI chips, prevent Chinese chipmakers from purchasing critical manufacturing equipment, and force U.S. nationals working in advanced Chinese chip companies to quit.

“Not only will such a unilateral action harm the global supply chain of the semiconductor industry, but more importantly, it will create an atmosphere of uncertainty, which will negatively affect trust, goodwill and spirit of cooperation that players in the global semiconductor industry have carefully cultivated over the past decades,” the China Semiconductor Industry Association (CSIA) said in a statement.

The CSIA added that it hopes the US government will “adjust the course of action” and “return to the well-established framework of the World Semiconductor Council (WSC) and the meeting of government and authorities on semiconductors.” -conductors (GAMS)”.

The WSC and GAMS are two global business forums, established in 1996 and 1999 respectively, where member regions discuss chip industry development and policy.

Share prices of Chinese tech giants and chip companies with facilities in China have plunged in response to U.S. restrictions. In recent days, the US government hastily offered some overseas chipmakers extensions to avoid supply issues.

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The US diplomat explained that his trade mission comes against the backdrop of the US move to expand partnership with like-minded countries like India and Taiwan.