A group of Ninety Chinese companies has submitted the application to form the National Integrated Circuit Standardization Technical Committee. According to the Ministry of Industry and Information Technology in China, the secretariat is planned to be established in the China Electronics Standardization Institute.
The major names among the 90 companies are Huawei, Shenzhen HiSilicon, Xiaomi, ZTE Microelectronics, SMIC, Datang, Unichip Microelectronics, Zhanrui Communications, China Mobile, China Unicom, China Telecom, and Tencent.
Chinese businesses bought almost $32 billion of equipment used to produce computer chips from Japan, South Korea, Taiwan and elsewhere, a 20% jump from 2019, a Bloomberg analysis of official trade data shows.
And with companies like Huawei Technologies Co. stockpiling supplies ahead of U.S. sanctions, imports of computer chips climbed to almost $380 billion — making up about 18% of all of China’s imports for the year.