Beijing has asked the US, Japan and the Netherlands to confirm the existence of an alleged agreement between the three countries to curb semiconductor exports to China, state media reported yesterday.
Beijing’s representatives issued the request during a regular meeting this week at the WTO, a state television broadcast said.
Representatives demanded that the three countries “notify the WTO of the agreement and subsequent measures, and [called] on the WTO to strengthen supervision of the measures.”
Photo: Bloomberg
Washington has in recent years attempted to cut Chinese companies out of supply chains that provide access to advanced chip technology, while urging its allies to adopt similar measures.
In October last year, Washington introduced new export controls in a bid to limit the ability of Chinese entities to purchase and manufacture high-end chips with possible military applications.
The Netherlands, a leading producer of components used to manufacture semiconductors, announced similar restrictions last month, followed closely by Japan.
China, which has sought in the past few years to achieve self-reliance in the semiconductor field, maintains that the curbs are designed to preserve US technological supremacy in the face of Beijing’s rise.
After Japan announced export controls last week, Chinese Ministry of Foreign Affairs spokesperson Mao Ning (毛寧) lambasted the decision as an attempt to “politicize, instrumentalize, and weaponize trade and technology issues.”
“With this type of action, they are harming others, but they are also harming themselves at the same time,” she said.
Moreover, Beijing has started to take reciprocal action, as Washington ramps up efforts to restrict the flow of advanced technology to China.
The nation’s top Internet regulator on Friday last week announced that it had launched an investigation into US firm Micron Technology Inc — a leading producer of memory chips — citing the need to “safeguard national security.”
“Both Chinese companies and foreign companies operating in China must abide by Chinese laws and regulations and must not endanger China’s national security,” Mao told a regular press conference on Monday.
Micron, which counts on mainland China for about 11 percent of its sales, said China’s investigation is not affecting its ability to deliver products.
“Micron’s product shipments, engineering, manufacturing, sales and other functions are operating as normal,” the company said on Monday. “Micron is committed to conducting all business with uncompromising integrity, and we stand by the security of our products and our commitments to customers.”
Additional reporting by Bloomberg
PRICE HIKES: The war in the Middle East would not significantly disrupt supply in the short term, but semiconductor companies are facing price surges for materials Taiwan’s semiconductor companies are not facing imminent supply disruptions of essential chemicals or raw materials due to the war in the Middle East, but surges in material costs loom large, industry association SEMI Taiwan said yesterday. The association’s comments came amid growing concerns that supplies of helium and other key raw materials used in semiconductor production could become a choke point after Qatar shut down its liquefied natural gas (LNG) production and helium output earlier this month due to the conflict. Qatar is the second-largest LNG supplier in the world and accounts for about 33 percent of global helium output. Helium is
STRONG INTEREST: Analysts have pointed to optimism in TSMC’s growth prospects in the artificial intelligence era as the cause of the rising number of shareholders The number of people holding shares of chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) hit a new high last week despite a decline in its stock price, the Taiwan Depository and Clearing Corp (TDCC, 台灣集保) said. The number of TSMC shareholders rose to 2.46 million as of Friday, up 75,536 from a week earlier, TDCC data showed. The stock price fell 1.34 percent during the same week to close at NT$1,840 (US$57.55). The decline in TSMC’s share price resulted from volatility in global tech stocks, driven by rising international crude oil prices as the war against Iran continues. Dealers said
DOMESTIC COMPONENT: Huang identified several Taiwanese partners to be a key part of Nvidia’s Vera Rubin supply chain, including Asustek, Hon Hai and Wistron Nvidia Corp chief executive officer Jensen Huang (黃仁勳), addressing crowds at the company’s biggest annual event, unveiled a variety of new products while predicting that its flagship artificial intelligence (AI) processors would help generate US$1 trillion in sales through next year. During a two-and-a-half-hour keynote address, Huang announced plans to push deeper into central processing units (CPUs) — Intel Corp’s home turf — and introduced semiconductors made with technology acquired from start-up Groq Inc. The company even said it was developing chips for data centers in outer space. At the heart of Huang’s speech was the message that demand for computing power
OPTIMISTIC: Inflation still has a chance of remaining below the central bank’s 2 percent alert level, as Taiwan’s economy is resilient with healthy exports, the NDC minister said Taiwan’s inflation could exceed 2 percent this year if oil prices continue to surge amid escalating tensions in the Middle East, prompting the government to reassess its economic outlook, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday. DGBAS Minister Chen Shu-tzu (陳淑姿) told lawmakers at a meeting of the legislature’s Finance Committee that the agency’s earlier growth forecast of 1.68 percent in the consumer price index (CPI) and 7.71 percent for GDP this year did not account for the ongoing Middle East conflict and would need revision, if tensions persist. The previous forecast assumed an average international crude price of