China and US chip industries come together to discuss trade

Semiconductor shares surge on prospects for bilateral cooperation

20210311 China-US Chip

Beijing and Washington are not involved in the private sector-led working group, a source says. (Nikkei Montage/Reuters)

YIFAN YU, Nikkei staff writer

PALO ALTO, U.S. -- Two major semiconductor industry associations in China and the U.S. have established a working group to discuss trade-related issues, the Chinese group said Thursday, a possible olive branch amid trade tensions between Beijing and Washington and a worsening global chip shortage affecting both economies.

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