On Monday, July 17, 2023, top Biden administration officials met with U.S. chip company executives. The purpose was to discuss China policy. The Semiconductor Industry Association (SIA), a powerful semiconductor lobby group, urged the administration to stop imposing more restrictions on chip sales to China.
Secretary of State Antony Blinken, Commerce Secretary Gina Raimondo, and National Security Council director Jake Sullivan attended the meeting. The CEOs of Intel, Qualcomm, and Nvidia were also present.
The SIA has criticized the Biden administration’s recent efforts to limit chip sales to China. They argue that these restrictions will harm the U.S. semiconductor industry and hinder American companies’ ability to compete with Chinese rivals.
While the Biden administration is committed to protecting U.S. national security interests, it also recognizes the importance of the U.S. semiconductor industry. The outcome of the meeting remains uncertain, but the administration is likely to face pressure from both the SIA and chip company executives to reconsider its China policy.
Key points discussed in the meeting included the SIA’s request to halt additional restrictions on chip sales to China. The Biden administration reaffirmed its dedication to safeguarding U.S. national security interests. Furthermore, the administration acknowledged the significance of the U.S. semiconductor industry. The final result of the meeting is still unknown.
