The "China-US Semiconductor Industry Technology and Trade Restrictions Working Group" was established

The China Semiconductor Industry Association announced on March 11 that after several rounds of discussions and consultations, the semiconductor industry associations of China and the United States jointly established the "China-US Semiconductor Industry Technology and Trade Restrictions Working Group", which will establish an information sharing mechanism for timely communication between the semiconductor industries of China and the United States, and exchange policies on export controls, supply chain security, encryption and other technologies and trade restrictions.

The China Semiconductor Industry Association said that the two associations hope to strengthen communication and exchanges through the working group to promote deeper mutual understanding and trust. The working group will follow fair competition, intellectual property protection and global trade rules, resolve the concerns of the semiconductor industries of China and the United States through dialogue and cooperation, and jointly work to build a robust and resilient global semiconductor value chain.

The working group plans to meet twice a year to share the latest developments in the two countries' technology and trade restriction policies. Based on the areas of common concern, the working group will explore corresponding countermeasures and suggestions and determine what needs 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 easing of the epidemic.

According to the results of the consultations, the two associations will each appoint 10 semiconductor member companies to participate in the working group, each sharing relevant information and conducting dialogues. The two associations will be responsible for the specific organization of the working group.