Communications Department Meeting to Discuss Accelerate Domestic Chip Development This Week

According to Reuters, two sources said that Chinese government officials held meetings this week with industry associations, regulators, and big funds to add more firewood to plans that have already accelerated the development of the industry.

The talks highlighted China’s concerns about domestic dependence on imported chips, such as chips from big manufacturers such as Qualcomm and Intel, which has aggravated the dispute between China and the United States with cutting-edge technology.

One source who knew the contents of the talks said, “In the past few days, senior government officials met to discuss plans to accelerate the development of the chip industry.” He asked for no name because it was confidential.

Another source said that senior officials have met with important government officials and the China National Integrated Circuit Industry Investment Fund (large fund) and this week will discuss plans to speed up implementation in light of recent trade tensions.

The Ministry of Commerce and the Ministry of Industry and Information Technology did not reply to the media request late on Thursday. The big fund did not respond to the media.

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