Why did the group say "no" to the White House?, American chip giant | Chip | White House
Senior executives from major US chip companies met with senior federal government officials on the 17th to discuss policies towards China, hoping to persuade the US government to abandon more chip export restrictions on China.
Bloomberg and Reuters reported from sources familiar with the matter that the CEOs of Intel, Nvidia, and Qualcomm opposed further tightening of export controls on chips and semiconductor manufacturing equipment to China, and therefore proposed this meeting.
Matthew Miller, spokesman of the US State Department, said at a regular press conference that Secretary of State Anthony Brinken shared with these executives his views on the chip industry and supply chain issues after his recent visit to China, and "directly listened" to their views on supply chain issues and business in China.
US Secretary of Commerce Gina Raymond, Director of the White House National Economic Commission Lear Brainard, and Assistant to the President for National Security Affairs Jack Sullivan also attended the meeting.
According to local media reports, this meeting indicates that American chip companies are increasingly concerned. These companies are concerned that the new restrictions will sever their connection with China, the largest market, damage their R&D investment capabilities, and ultimately weaken the dominant position of the United States in the chip industry.
The Semiconductor Industry Association of America issued a statement on the 17th, urging the US government not to further restrict chip sales to China before engaging with industry insiders and experts more widely. The statement calls on the government to allow American chip companies to continue entering the Chinese market, believing that "China is the world's largest commercial market for commodified semiconductors.".
According to the Semiconductor Industry Association of America, China's chip procurement volume last year was $180 billion, which is more than one-third of the global total.
The statement states that the relevant restrictive measures may weaken the competitiveness of the US chip industry, disrupt the supply chain, and cause serious market uncertainty.
Reuters reported that over one-fifth of the revenue of most American chip companies comes from China.
Bloomberg reported that chip company executives hope the Biden administration understands that expanding chip export restrictions will harm the White House's current diplomatic efforts with China.
Why U.S. chip giants collectively say "no" to the White House"