Another six institutions were named as Shanghai's global investment partners for this year, including global semiconductor organization SEMI, the China Association for Public Companies, the China-Europe Association for Technical and Economic Cooperation, professional services provider PwC, global real estate services providers CBRE and Cushman & Wakefield.

By contrast, Chinese chipmakers' production capacity may have increased 12 percent to 7.6 million wafers per month last year, global chip consultancy SEMI said in a report.

They are also expected to lead the expansion of the global semiconductor industry, SEMI said.

Sales of semiconductor-making equipment reached $29.62 billion on the Chinese mainland last year, up 58 percent year-on-year, accounting for almost 29 percent of the global semiconductor-making equipment market, according to SEMI, a global semiconductor industry association.

As for the company's future products, Tesla said it expects to roll out its Semi truck to Pepsi in December and will begin producing its Cybertruck in Texas after ramping up its Model Y production.

As for the company's future products, Tesla said it expects to roll out its semi to Pepsi in December, and that it will begin producing its Cybertruck in Texas after ramping its Model Y production.

A lot of engineering work and factory tooling are underway to produce the delayed Cybertruck, Semi and a new Roadster, which he said he now hopes to be ready for production next year.

Tesla said it should have sufficient cash to fund its future products, which include the Cybertruck pickup and a Semi, as well as its long-term expansion plan.

Wedbush analyst Daniel Ives, in a note to investors Tuesday, wrote that the deal is a huge step forward for Nikola, giving the company credibility with Badger production and its hydrogen fuel cell and semi truck ambitions.

Under pressure to meet his repeated promises to make Tesla sustainably profitable, Chief Executive Elon Musk is trying to contain costs while still spending on major initiatives from a Shanghai factory and assembly-line to upcoming models such as the Model Y SUV and a semi commercial truck.

It's also spending heavily on future vehicles, including a semi that's supposed to go into production next year.

It's also on the hook to build charging stations for its network of semi trucks.

Geely's first semi knocked-down facility in Belarus started production in 2013.

Sales of semiconductor equipment in the Chinese mainland reached $29.62 billion last year, up 58 percent year-on-year, accounting for almost 29 percent of the global semiconductor equipment market, according to data from SEMI, the global industry association that represents the electronics manufacturing and the design supply chain.

The sales of semiconductor equipment in the Chinese mainland reached $29.62 billion last year, up 58 percent year-on-year, accounting for almost 29 percent of the global semiconductor equipment market, according to data from SEMI, the global industry association that represents the entire electronics manufacturing and the design supply chain.

The companies are represented by the semiconductor and electronics manufacturing suppliers industry group SEMI, which drafted a letter obtained by Reuters that could be sent as soon as this week to Commerce Department Secretary Wilbur Ross.

Joe Pasetti, SEMI's vice-president of global public policy at SEMI, said "We don't comment on draft letters leaked to the press.