Developing | China industry bodies call for ‘caution’ in buying US chips amid latest sanctions
3 Dec 2024
China’s state-backed bodies covering internet companies, semiconductor firms and automakers have called on their respective members to shun chips from US suppliers in an apparent retaliation against Washington’s latest sanctions, which could deal a blow to the mainland businesses of Nvidia, Qualcomm and Intel.
The three bodies – the Internet Society of China, the Chinese Association of Automobile Manufacturers and the China Semiconductor Industry Association – on Tuesday issued statements within minutes of each other, urging their members to be “cautious” in buying chips from American suppliers, following the Biden administration’s fresh sanctions.
The US government blacklisted another batch of Chinese semiconductor enterprisesthis week, as Washington continues to stymie the mainland’s progress in advanced chip development.
The new US measures has “substantially harmed the healthy and stable development of China’s internet industry” and shaken the trust and confidence in US chip products, according to the statement from the Internet Society of China.
Instead, Chinese internet firms should “expand cooperation” with semiconductor suppliers in other countries and regions, while actively using China-made chips, the society said.