Chinese tech and automotive associations are sounding the alarm over U.S. semiconductor export controls, urging domestic companies to rethink their reliance on American chips. 🌐🔌 The China Semiconductor Industry Association (CSIA) and three other major groups accused Washington of 'abusing export measures' that destabilize global supply chains.
🔍 Why it matters: The U.S. restrictions are reportedly driving up costs for American firms while making Chinese industries question the reliability of U.S.-made chips. The CSIA stated these measures 'affect stable supply' and force Chinese buyers to proceed with caution.
🚗 Automotive alert: The China Association of Automobile Manufacturers revealed shaken confidence in U.S. chip suppliers, while inviting global semiconductor players to 'invest in China and share development opportunities.' Meanwhile, internet and telecom groups urged expanding partnerships with chipmakers from other countries and regions.
💡 The big picture: This push comes as China accelerates efforts to diversify its tech supply chains and boost domestic innovation. Analysts say the move could reshape global semiconductor trade flows in 2024. 💻🌍
