The China Semiconductor Industry Association, an association of 774 Chinese chip companies, said on Thursday that it has partnered with its United States counterpart to establish a working group to create an avenue for communication on issues such as "export controls" and "supply chain security".

The move came as the world is grappling with a shortage in the supply of chips for smartphones, personal computers, automobiles and other products.

CSIA said in a statement on its official website that the working group is designed to promote "deeper mutual understanding and trust" between the Chinese and US semiconductor industries to solve concerns through dialogue and cooperation.

Ten chip companies from each nation will meet twice a year to discuss policies such as export curbs, supply-chain safety and encryption technologies, the statement added.

The US counterpart of the Chinese association is the Washington-based Semiconductor Industry Association.