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China plans to accelerate the development of the domestic semiconductor market at the time when the Sino US trade dispute is fierce. The US ban on the sale of components to ZTE, a Chinese cellphone manufacturer, highlights China's dependence on imported chips.
Two people familiar with the matter told Reuters that senior Chinese officials met with industry and regulators and the chip industry fund this week to discuss plans to further accelerate the rapidly growing chip industry.
The conference highlighted China's concerns over global brand import chips such as QCOM.O and INTC.O, and the worsening dispute over sophisticated technology between China and the United States has exacerbated this concern.
"Over the past few days, senior Chinese officials met to discuss plans to speed up the development of the chip industry," a insider said, calling for anonymity because of the sensitivity of the event.
According to the "China made 2025" strategy, the semiconductor market has become an important area of China's priority development, the goal is to reduce the dependence on foreign technology and support the domestic industry leading.
The United States has banned the sale of Chinese mobile phone producer 000063.SZ, including chips, to make the company difficult and to highlight the urgency of the goal. ZTE's smartphones mainly use American chips.

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