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China Summons Chip Firms for Emergency Talks After US Curbs

  • Key ministry convened a series of meetings with top players
  • It’s unclear how Beijing will respond to aggressive measures
Bloomberg business news
WATCH: Chinese officials met semiconductor companies to assess the damage from US chip restrictions. Peter Elstrom reports.Source: Bloomberg
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China’s top technology overseer convened a series of emergency meetings over the past week with leading semiconductor companies, seeking to assess the damage from the Biden administration’s sweeping chip restrictions and pledging support for the critical sector.

The Ministry of Industry and Information Technology has summoned executives from firms including Yangtze Memory Technologies Co. and supercomputer specialist Dawning Information Industry Co. into closed-door meetings since Washington unveiled measures to contain China’s technological ambitions.