Chip companies, top US officials meet on China policy, source says
China policy as the US considers new restrictions, a source told Reuters. Commerce Secretary Gina Raimondo, National Economic Council director Lael Brainard and National Security Council director Jake Sullivan on Monday are among government officials who are holding the meetings with Intel, Qualcomm and Nvidia, the source said.
Earlier on Monday, the US-based Semiconductor Industry Association (SIA) trade group called on the Biden administration to «refrain from further restrictions» on chip sales to China and urged the administration to allow «the industry to have continued access to the China market, the world's largest commercial market for commodity semiconductors.» The Biden administration is considering updating a sweeping set of rules imposed in October to hobble China's chip industry and a new executive order restricting some outbound investment. A White House National Security Council spokesperson said in response to SIA that «our actions have been carefully tailored to focus on technology with national security implications, and designed to ensure that US and allied technologies are not used to undermine our national security.» Not every official is expected to meet with every company, the source who spoke on condition of anonymity added.
On Friday, Reuters reported that the CEOs of Intel and Qualcomm were planning to visit Washington this week, according to two sources familiar with the matter. The Commerce Department and White House declined to comment on any potential meetings.
China recently moved to restrict exports of raw materials such as gallium and germanium that are used in making chips. Further rule-tightening by US officials risks «disrupting supply chains, causing significant market uncertainty,
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