U.S. semiconductor companies still want to enter the Chinese market

According to Bloomberg local time on May 5, the American Semiconductor Industry Association (SIA) said that although the US government has so-called "national security" concerns, US semiconductor companies still hope to enter the Chinese market.

"It (China) is our biggest market, and we're not the only industry that makes this claim." John Neuffer, president and CEO of the American Semiconductor Industry Association, said, "We cannot be absent from the Chinese market."

Data map: On August 8, local time, US President Biden signed the "Chip and Science Act" at the White House. Photo by China News Agency reporter Chen Mengtong

According to Bloomberg, the US government is preparing to provide subsidies to chip companies under the Chip and Science Act, inviting them to build factories in the United States and providing investment tax credits. But at the same time, restrictions on investment in China will also be proposed to relevant companies.

In an interview with Bloomberg, Neufield said he was optimistic that the government would be pragmatic in dealing with such obstacles to ensure that the chip program was successful and that the companies involved could get funding.

Goodrich, the group's vice president of global policy, said it wanted to give "clear rules of the road" and that the U.S. government should have a clear definition of so-called "national security issues" to make them transparent and predictable. "In the last two administrations, we've been a bit of a roller coaster ride in terms of national security and trade restrictions." Goodrich said.

He noted that for semiconductor companies trying to develop five-year plans, not knowing what might happen in the next six months "brings a lot of uncertainty and challenges."

Infographic: Chip.

The U.S. Semiconductor Industry Association has previously said that the U.S. restrictions on chip exports to China could hurt its own industry.

Chinese Foreign Ministry spokesman Wang Wenbin previously pointed out that the so-called "protective measures" of the Chip and Science Act have a strong geopolitical color, which is another example of economic coercion by the United States. Sino-US economic, trade and scientific and technological cooperation is conducive to the common interests of both sides and the common progress of mankind, and restricting "decoupling" will only harm others and harm themselves.