China, S. Korea agree to strengthen talks on chip industry

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China, S. Korea agree to strengthen talks on chip industry FMTNews FMTBusiness

BEIJING: China and South Korea have agreed to strengthen dialogue and cooperation on semiconductor industry supply chains, amid broader global concerns over chip supplies, sanctions and national security, China’s commerce minister said.

They exchanged views on maintaining the stability of the industrial supply chain and strengthening cooperation in bilateral, regional and multilateral fields, according to a statement from the Chinese ministry of commerce today. However, a South Korean statement on the same meeting did not mention chips, instead saying the country’s trade minister had asked China to stabilise the supply of key raw materials, and asked for a predictable business environment for South Korean companies in China.

China’s cyber space regulator said last week that Micron had failed its network security review and that it would block operators of key infrastructure from buying from the company.

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