American chip magnates discuss policy with China

Intel and Qualcomm CEOs are expected to visit Washington next week to discuss China policy, as the US intends to continue tightening semiconductor exports.

According to Reuters , Intel CEO Pat Gelsinger, Qualcomm CEO Cristiano Amon and several other leaders in the semiconductor industry such as CEO Nvidia will join US government officials to discuss market conditions, control measures and issues affecting the market. affect their business.

It is not clear which chip industry giants will meet next week.

Representatives of both sides declined to comment.

US officials are considering tightening export regulations for high-performance chips and semiconductor sources for Huawei. The new rule is expected to hit Intel, which is developing a line of chips that can be exported to China, and Qualcomm, which currently has a license to sell to Huawei.

Nvidia could also take a big hit as its leadership in AI chips helped make it a company worth more than $1 trillion earlier this year.

The meeting was held amid concerns of Nvidia and many semiconductor companies about long-term sales damage due to a lot of business in China, while tensions between Washington and Beijing continue to escalate.

Revenue from the Chinese market accounts for 20% of the revenue of many chip companies in the US. Semiconductor industry leaders have warned that the loss of sales in China will force them to cut back on profits used to reinvest in research and development.