By Gabby Chen

(JW Insights) Jun 2 -- China's Vice Minister of Science and Technology Zhang Guangjun expressed the country's encouragement for ARM to further strengthen its collaboration with Chinese universities, research institutes, and companies during a meeting with ARM CEO Rene Haas on May 30, according to a statement released by the Chinese Ministry of Science and Technology (MOST) on June 1.

During the meeting, both sides held a frank and in-depth exchange on topics such as ARM's business development in China and technology trends in the semiconductor industry, reported Global Times.

Zhang emphasized that the Chinese government always upholds an open, inclusive and win-win attitude in international technology cooperation. As a leading global provider of intellectual property rights for semiconductor design, ARM has great potential for development in the Chinese market. The Chinese side thought highly of ARM's determination to further expand into the Chinese market, he added.

The ministry will continue to provide assistance and support for the development of high-tech enterprises in China from various countries, including ARM, to jointly promote technological progress, and make scientific and technological contributions to the building of a global community of shared future.

Haas introduced the current business development and future development plans of the firm. He said that he felt very cordial when he visited China again after four years and emphasized the importance of the Chinese market to ARM.

Ma Jihua, a veteran technology expert, said that Haas' remarks indicate that both the world's chip design companies and manufacturers value the Chinese market, and they are not willing to "decouple" from China because of political reasons.

Entering 2023, foreign chip companies have signaled a clear change in attitude toward China. While facing pressure from the US, they are also actively enhancing their business presence in China, Ma said.