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Nikkei reported that China plans to create a special committee to collaborate with big-name foreign chipmakers, such as Intel and AMD. With this new move, China aims to establish a domestic chip supply chain to circumvent the sanctions that the U.S. has imposed on the country.
The organization is called the "cross-border semiconductor work committee." If Nikkei's information is accurate, China may launch the committee in the first half of this year. The Ministry of Commerce will oversee this special committee in conjunction with the Ministry of Industry and Information Technology.
According to Nikkei's sources, the committee's objective is to fortify the relationship between Chinese and foreign companies. The end game is to build a chip supply chain by securing semiconductor technologies from Japan, Europe, and the U.S. In addition, the committee wants to woo overseas companies into establishing development and manufacturing sites in China with the promise of cooperation with the local governments and funding.
Nikkei's acquired documents allegedly revealed that China targets Intel, AMD, and Infineon Technologies of Germany. In addition, an industrial group from the Netherlands, including
ASML, is also on the list. The publication's sources claimed that a few companies had expressed their desire to jump on China's initiative. However, Intel and the Dutch group refused to comment when Nikkei contacted them.
