Home Latest US lawmaker to induce chip trade group to scale back China investments

US lawmaker to induce chip trade group to scale back China investments

0
US lawmaker to induce chip trade group to scale back China investments

[ad_1]

The group represents main chip corporations equivalent to Nvidia and Intel, whose gross sales to China have been affected by latest adjustments in U.S. export guidelines.

US China chip ban | US vs ChinaThe supply mentioned the assembly was initially deliberate for Tuesday however was subsequently postponed, resulting from scheduling conflicts. It has but to be rescheduled. (Image Source: Reuters)

Listen to this text
Your browser doesn’t help the audio factor.

The chair of the U.S. House of Representatives’ committee on China is planning to fulfill with a semiconductor trade group to specific considerations over U.S. investments in China’s chip trade, in line with a supply aware of the matter.

The supply mentioned the assembly was initially deliberate for Tuesday however was subsequently postponed, resulting from scheduling conflicts. It has but to be rescheduled.

Representative Mike Gallagher, an influential Republican lawmaker whose choose committee has pressed the Biden administration to take a more durable stance on sending U.S. know-how to China, desires to fulfill with the Semiconductor Industry Association, the supply mentioned.

The group represents main chip corporations equivalent to Nvidia and Intel, whose gross sales to China have been affected by latest adjustments in U.S. export guidelines.

Gallagher plans to inform the group he believes that U.S. guidelines enacted final October that lower off the sale of superior synthetic intelligence chips to China must be tightened to cowl much less superior chips, the supply mentioned. The supply added that Gallagher additionally goals to speak with the group about lowering the variety of semiconductor manufacturing machines that might be despatched to China.

Most Read

1
As Indo-Canadian relations sour, anxiety grips Indian students, residents who wish to settle in Canada
2
Farida Jalal recalls the time when Amitabh Bachchan-Jaya Bachchan were dating: ‘They would pick me up at night, we would go for long drives’

Also among the many deliberate dialogue subjects is U.S. funding in Chinese chip corporations, in line with the supply. Intel, Qualcomm and different corporations have enterprise capital arms which have invested in Chinese know-how firms.

Gallagher additionally will categorical his considerations {that a} huge Chinese effort to construct up capability to construct much less superior chips utilized in cars, washing machines and different on a regular basis merchandise might in the future end in China dumping these chips on the U.S. market and drive U.S. makers of such chips out of enterprise, the supply mentioned.

A consultant for the Semiconductor Industry Association declined to remark.

First revealed on: 20-09-2023 at 10:13 IST

[adinserter block=”4″]

[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here