AS 2024 comes to a close, China's cooperation with the global semiconductor industry is witnessing a series of positive developments. Semiconductor giants such as Infineon, NXP and STMicroelectronics have announced plans to continue expanding their presence in China, including setting up new production lines or collaborating with Chinese companies to manufacture chips. Semiconductor companies from Japan and South Korea have also expressed their intention to increase chip procurement from China this month, with the goal of building a strong supply chain. In addition, data shows that from January to October this year, China's semiconductor exports reached 931.17 billion yuan ($128 billion), an increase of 21.4 percent year on year, making it a major highlight of this year's overall export performance.
At the same time, the United States has also frequently interfered with the normal order of the global semiconductor supply chain. Earlier this month, the US Department of Commerce introduced a new round of export controls on China's chip industry.
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