The executives plan to carry conferences with U.S. officers to speak about market circumstances, export controls and different issues affecting their companies, one of many sources stated. It was not instantly clear whom the executives would meet.
Intel and Qualcomm declined to remark, and officers on the White House didn’t instantly return a request for remark.
The sources stated different semiconductor CEOs might also be in Washington subsequent week. The sources declined to be named as a result of they weren’t licensed to talk to the media.
U.S. officers are contemplating tightening export guidelines affecting high-performance computing chips and shipments to Huawei Technologies Co Ltd, sources instructed Reuters in June. The guidelines would respectively have an effect on Intel, which is making ready a brand new synthetic intelligence chip that may very well be shipped to China, and Qualcomm, which has a license to promote chips to Huawei.
The Biden administration final October issued a sweeping algorithm designed to freeze China’s semiconductor trade in place whereas the U.S. pours billions of {dollars} in subsidies into its personal chip trade.
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The doable rule tightening would hit Nvidia notably arduous. The firm’s sturdy place within the AI chip market helped increase its price to $1 trillion earlier this 12 months. The chip trade has been warmly acquired in Washington lately as lawmakers and the White House work to shift extra manufacturing to the U.S. and its allies, and away from China. Intel CEO Pat Gelsinger and Qualcomm CEO Cristiano Amon have met usually with authorities officers.
Next week’s conferences, which one of many sources stated might embrace joint classes between executives and U.S. officers, come as Nvidia Corp and different chip firms concern a everlasting lack of gross sales for an trade with massive quantities of business in China whereas tensions escalate between Washington and Beijing.
One of the sources aware of the matter stated the executives’ objectives for the conferences could be to make sure that authorities officers perceive the doable impression of any additional tightening of guidelines round what chips may be offered to China.
Many U.S. chip companies get greater than one-fifth of their income from China, and trade executives have argued that lowering these gross sales would minimize into earnings that they reinvest into analysis and growth.
Source: economictimes.indiatimes.com