US chip industry worries about impact of restrictions on exports to China | economy

US chip industry worries about impact of restrictions on exports to China |  economy

The US government should do more research on the effects of restrictions on exports to China for the chip industry.

Top executives from the three largest chipmakers in the U.S. told the White House, insiders tell the news agency Bloomberg. According to sources, drivers have also requested rest before the new restrictions are imposed.

Pat Kelsinger (Intel), Jensen Huang (NVIDIA) and Cristiano Amon (Qualcomm) met in Washington on Monday. There, they pointed out to government officials that export restrictions threaten to damage America’s share of the global chip industry.

According to insiders, officials heard presentations, but gave no assurances.

Due to strict export regulations, it is very difficult for US chip companies to do business with companies in China. The US imposed these restrictions for security reasons. For example, the government fears that US chips could be used for military purposes.

Under pressure from the US, the Netherlands has also limited exports of chip technology. It’s about ASML’s chip machines from Veldhoven.

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