AMD, China Discuss Chip Business, Supply Chains

Lisa Su, CEO of American chip company AMD, met with Chinese Commerce Minister Wang Wentao to discuss semiconductor supply chain issues, China’s Ministry of Commerce said in a news release, according to an unofficial translation. The Chinese minister stressed that “the development of the semiconductor industry requires global cooperation,” adding that Beijing hopes the “United States and China will work together to provide companies with clear security boundaries and stable expectations.” Su during the meeting said China “is one of the focuses of AMD's global strategy,” the release said. “The company will continue to increase investment in China and work with local partners to provide better products and services for the Chinese market.” An AMD spokesperson didn't comment.