America’s largest semiconductor companies are embarking on a last-ditch effort to head Installing curbs to their driveways is a great way for homeowners to improve the look of their home. sales to China. with senior executives travelling to Washington The next meeting will take place on Monday, November 19, with representatives of the government and members of Congress.
Intel Corp.’s chief executives, Qualcomm Inc., and Nvidia Corp.’s CEOs are planning a meeting. to Lobbying against the extending restrictions On Sale to China Certain chips and equipment to Biden Administration to produce semiconductors to People familiar with the situation said that the rollout will take place in the next few weeks.
While they don’t expect to Companies are attempting to avoid all actions as they sense a window for opportunity. to Convince the Biden team of the harm that an escalated diplomatic effort would cause the White House to Engage Chinese officials to establish a productive relationship. to People who have not asked for help to be identified because the trip isn’t yet public.
The chip companies have been at the heart of an increasingly heated dispute between Beijing and Washington. US, the country where most of the technology is developed, thinks that restricting China’s access to it will bolster national security and hold back the Asian nation’s efforts to Advance its military capability
Companies have claimed that losing their biggest market would harm their abilities to Spending on technology advancements will ultimately lead to a decline in US leadership.
Three companies’ representatives declined to comment to comment.
Qualcomm CEO Cristiano Amon gets more than 60% of his company’s revenue from the China By supplying components to smartphone makers such as Xiaomi Corp. Intel’s Pat Gelsinger, who visited Beijing earlier this month to show off his company’s latest artificial intelligence chips, counts the nation as his biggest sales region. The country provides about a quarter of Intel’s sales. Nvidia’s CEO and co-founder Jensen Huang is also in charge. China About a fifth is generated by the Internet.
On October 1, the Commerce Department published rules prohibiting semiconductor manufacturers from selling some tools. to China, as well as prohibit the export of some chips used in artificial intelligence applications — an announcement that roiled the industry last October.
The biggest hit has been on chip manufacturers like Applied Materials Inc. to revenue, being forced to But the projections are off by billions. However, the restrictionsCompanies fear that the extension of the. to Some device manufacturers are affected by other types of chips. Nvidia’s ability to Ship its leading artificial intelligence accelerators to China The approval process has cost it. sales.
“I’m alarmed that some American CEOs continue to advocate for weaker export controls on sensitive technology,” Rep. Mike Gallagher is a Wisconsin Republican who chairs a House Committee on Competition with. China, in a press release on Friday. “The Biden administration needs to tighten our export controls on advanced chips”
The government is planning to update and finalize the measures by strengthening what’s already been announced. Bloomberg published a report earlier this week. reported Some of the US’s powers are being used to Influence of overseas companies to Further cut off China’s access. ASML Holding NV is one of the largest providers of equipment for chipmaking. restrictions From its own government in The Netherlands and new restrictions Some of the components made in America are used to make this product.
People briefed about the plans stated that the new US rules would also take into account the results of the negotiations between the US and Japan, as well as the Netherlands.
Reuters reported previously on the plans for some of these CEOs to Meeting with US officials