U.S. Chip Makers Quietly Lobbying Biden Admin Against Imposing More Restrictions on Exports to China

Three top U.S. semiconductor manufacturers are quietly meeting with Biden administration officials Monday to discuss new export restrictions that are being considered related to the ongoing competition between the U.S. and China, according to Reuters.

Intel, Qualcomm and Nvidia are meeting with several Biden administration officials including Commerce Secretary Gina Raimondo, National Economic Council Director Lael Brainard and National Security Council Director Jake Sullivan, according to Reuters. The Biden administration is considering updating rules put in place in October that aim to restrict China’s chip industry by limiting U.S. companies’ cooperation with Chinese chip manufacturers.

“We urge the administration to refrain from further restrictions until it engages more extensively with industry and experts to assess the impact of current and potential restrictions to determine whether they are narrow and clearly defined, consistently applied, and fully coordinated with allies,” The Semiconductor Industry Association, a lobbying group for the industry, said in a press release Monday. (Read more from “U.S. Chip Makers Quietly Lobbying Biden Admin Against Imposing More Restrictions on Exports to China” HERE)

Photo credit: Flickr

Delete Facebook, Delete Twitter, Follow Restoring Liberty and Joe Miller at gab HERE.