Intel, Nvidia, and Qualcomm CEOs meet with US government officials
Su and Keller are among the top chipmakers in the world.
The CEOs of Intel, Nvidia, and Qualcomm meet with government officials in Washington, DC to discuss growing concerns over chip sales to China amid ongoing trade war tensions. The meeting, which occurred on July 8, included representatives from the Biden administration such as Commerce Secretary Gina Raimondo, National Economic Council director Lael Brainard, and National Security Council director Jake Sullivan.
The meeting shows that US tech firms are ramping up efforts to lobby against trade curbs and barriers, as new measures are set to be applied in the coming weeks. The US Commerce Department recently issued updated rules on sales of certain tools and chips to China, which are about to be enacted.
These kinds of meetings typically involve government officials presenting their case to the CEOs, while the CEOs seek “wriggle room” to protect their China business operations.
Qualcomm, which derives about 60% of its revenue from the region, would be the most adversely affected by the restrictions. Nvidia, which currently generates about 20% of its revenue from sales in China, would also be negatively impacted, though to a lesser degree.
The Semiconductor Industry Association, which represents firms including Intel and AMD, called for the US and Chinese governments to ease trade and technology export restrictions through dialog.
AMD’s CEO, Dr. Lisa Su, was not present at the meeting as she is currently on a business trip to Taiwan.
Chipmakers meet with US government over China trade fears
Intel, Nvidia, and Qualcomm CEOs meet with government officials in Washington, DC to talk about growing restrictions on chip sales to China.
Su and Keller are among the top chipmakers in the world.
CEOs from Intel, Nvidia, and Qualcomm meet with US government officials to discuss growing restrictions on chip sales to China, as the ongoing trade war shows few signs of de-escalation. The meeting includes representatives from the Biden administration, and comes as tech firms ramp up lobbying efforts against trade curbs and barriers.
The meeting, which took place on July 8, includes Gina Raimondo, the US Commerce Department’s current secretary, as well as Lael Brainard, the National Economic Council director, and National Security Council director Jake Sullivan. Representing the tech industry, Intel and Nvidia’s CEOs, Dr. Su and Jen-Hsun Huang, are both present.
The news comes as the US government prepares to enact new measures on sales of certain tools and chips to China. Issued by the Commerce Department, these rules are set to be put into effect in the coming weeks.
Tech firms have been lobbying against such trade curbs and barriers, and the new measures are likely to impact companies such as Intel, Nvidia, and Qualcomm. For example, the Commerce Department recently updated rules on sales of so-called “equipment, materials, and tools” for the purpose of 5G and “next-generation networks” to China, stating that the items will be “subject to the export licensing requirements specified in the Export Administration Regulations (EAR).”
The government officials likely presented the CEOs with their case, while the CEOs sought “wriggle room” to protect their China business operations.
Qualcomm, which derives about 60% of its revenue from the region, is likely to be most adversely affected by the restrictions. Nvidia, which currently generates about 20% of its revenue from sales in China, will also be negatively impacted, though to a lesser degree.
The Semiconductor Industry Association, which represents firms including Intel and AMD, called for the US and Chinese governments to ease trade and technology export restrictions through dialog.
AMD’s CEO, Dr. Lisa Su, was not present at the meeting as she is currently on a business trip to Taiwan.
