Leaders of US semiconductor manufacturers meet Monday with Commerce Secretary Gina Raimondo, National Economic Council Chairman Lael Brainard and National Security Adviser Jake Sullivan to discuss policy on China, a source told Reuters.
Reuters reported last week, citing two sources familiar with the matter, that the chief executives of Intel and Qualcomm planned to meet with government officials to outline their views on China policy.
The Commerce Department and the White House declined to comment.
Refrain from further restrictions
Earlier in the day, the US trade association and lobby group, the Semiconductor Industry Association, called on President Joe Biden’s administration to “refrain from imposing further restrictions” on chip sales to China.
The request comes as the Joe Biden administration plans to update a sweeping set of rules imposed in October to stifle China’s semiconductor industry, as well as a new executive order restricting certain foreign investment.
Further tightening of rules, after China moved to restrict exports of raw materials such as gallium and germanium, used in chip making, would risk “disrupting supply chains, causing market uncertainty and provoke increasing retaliation from China.” said the Semiconductor Industry Association.
Source: BFM TV
