26 Jul 2023 -
 General

China urges for return to free trade in ICs

The China Semiconductor Industry Association (CSIA) has made a plea for a return to unrestricted trade in semiconductors. The association said that the current global chip shortage is being exacerbated by trade restrictions, and that these restrictions are harming the global economy.

The CSIA’s plea comes as the Biden administration is considering imposing new sanctions on China’s semiconductor industry. The administration is concerned that China is using its chip industry to support its military and other strategic goals.

“The US government has taken a series of measures restricting trade and disrupting the stability of the semiconductor global supply chain. As a consequence, the interests of global consumers will be harmed, the competitiveness of the US semiconductor industry might be jeopardized and the globalization of the semiconductor industry would be threatened,” said their spokesperson.

The new sanctions would only make the chip shortage worse, claims the CSIA, disrupting the global supply chain and making it more difficult for companies to get the chips they need. They say that American consumers will be hurt, as the sanctions would lead to higher prices for electronics and other products that rely on chips.

The CSIA’s plea is likely to be met with resistance from some quarters. Some countries, such as the United States, are concerned about China’s growing technological capabilities. These countries may be reluctant to lift trade restrictions on China’s semiconductor industry. However, it is also likely to resonate with many businesses and consumers. The chip shortage is having a significant impact on the global economy, and many businesses are struggling to get the chips they need.

It remains to be seen whether the Biden administration will heed the CSIA’s plea. However, the association’s comments highlight the growing concerns about the impact of trade restrictions on the global chip shortage.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

Related News

10 Jul 2024 - General

Counterfeit GPUs on the Rise: A Growing Concern for the Electronics Industry

Read more

09 Jul 2024 - General

DRAM Prices Skyrocket Amidst AI Boom and Production Shifts: A Deep Dive into the Memory Market

Read more

08 Jul 2024 - General

US Government Invests in Semiconductor Workforce to Combat Looming Talent Crisis, But Challenges Remain

Read more

07 Jul 2024 - General

Semiconductor Manufacturing Equipment Sales Expected to Explode

Read more

05 Jul 2024 - General

US attracting ‘insane’ money into building chip manufacturing

Read more

04 Jul 2024 - General

Vietnam: caught in the crossfire of US-China tech rivalry

Read more