Xinhua News Agency, Shanghai, September 3 (Reporter Gao Shaohua) "The 2nd Global IC Entrepreneur Conference and the 17th China International Semiconductor Expo" opened in Shanghai on the 3rd, from China, the United States, Germany, the United Kingdom, France, Japan, Entrepreneurs from more than 10 countries and regions such as South Korea gathered in Shanghai to discuss opportunities for development and industrial cooperation.

In recent years, China's IC industry has achieved rapid development, with an average compound annual growth rate of over 20%. In the future, driven by emerging applications such as 5G, intelligent networked vehicles, artificial intelligence, and ultra-high-definition video, China's IC market still has broad room for growth. Moreover, the Chinese market has become an important driving force for the growth of the global integrated circuit market.

The integrated circuit industry is a highly international industry that requires companies to allocate resources globally and participate in global market competition. "China is willing to strengthen cooperation with countries around the world and welcomes enterprises from all over the world to invest and operate in China." Qiao Yueshan, director of the Department of Electronic Information of the Ministry of Industry and Information Technology, said that at present, foreign-funded enterprises have become important players and promoters of China's integrated circuit industry. In the future, China's integrated circuit industry will further increase its opening up and deepen the level of international cooperation.

"Over the years, China's semiconductor industry has adhered to the path of innovation and open cooperation, and actively integrated into the innovation network of the global semiconductor industry." Zhou Zixue, chairman of China Semiconductor Industry Association and chairman of SMIC International Integrated Circuit Manufacturing Co., Ltd., said that the semiconductor industry is a highly international industry. Everyone must join hands and learn from each other's strengths and seek common development to achieve a win-win situation.

"In the development of the semiconductor industry, cooperation and trust play an important role." Chen Zhikuan, president and co-CEO of Synopsys, Inc., which provides software tools for global integrated circuit design, believes that the most important asset of the semiconductor industry is trust. Companies need to use their own products to win trust.

John Newfield, president and CEO of the American Semiconductor Industry Association, also said that the semiconductor industry is a global industry, which requires deep collaboration in all aspects of the global semiconductor supply chain.