According to a Reuters report, sources revealed that U.S. Secretary of State Blinken and other senior U.S. government officials met with executives of U.S. chip companies on the 17th local time. US State Department spokesman Matthew Miller confirmed the news at a news conference, saying Blinken was trying to "share his views on the industry and supply chain issues, especially after his recent trip to China" and " Hearing directly from these companies about supply chain issues and what they think about doing business in China."
According to reports, U.S. Secretary of Commerce Raimondo, Assistant to the President for National Security Affairs Sullivan and other senior government officials and executives participated in the meeting. According to reports, the Biden administration is currently considering imposing a new round of chip export restrictions on China, but the chip industry wants to protect its profits in China. According to the data of the Semiconductor Industry Association, the purchase of semiconductors in China last year was 180 billion U.S. dollars, more than one-third of the global total of 555.9 billion U.S. dollars, making it the largest single market.
The report mentioned that earlier on Monday, the US-based Semiconductor Industry Association called on the Biden administration to "avoid further restrictions on chip exports to China" and urged the Biden administration to allow "the industry's continued access to China, the world's largest commercial market for commodity semiconductors." market". According to reports, the Biden administration is considering issuing a new executive order to restrict some foreign investment in the chip industry.
Regarding this meeting, according to a previous report by Bloomberg, executives from the three major U.S. chip giants—Intel, Qualcomm, and Nvidia—will go to Washington to lobby against the Biden administration’s expansion of restrictions on the sale of certain chips and semiconductor manufacturing equipment to China. . The companies do not expect the U.S. government to abandon all restrictions, but they see an opportunity for the Biden administration to realize that further expansion of restrictions may limit China's development, but will ultimately harm U.S. interests, people familiar with the matter said.
In October last year, the U.S. Department of Commerce issued a semiconductor ban, prohibiting semiconductor equipment manufacturers from selling certain equipment to China and exporting some chips used in artificial intelligence applications. Chinese Foreign Ministry spokesperson Mao Ning stated at a regular press conference on October 8, 2022 that the United States has abused export control measures to maliciously block and suppress Chinese companies out of the need to maintain technological hegemony. This practice deviates from the principle of fair competition. , Violating international economic and trade rules will not only damage the legitimate rights and interests of Chinese companies, but will also affect the interests of American companies. This practice hinders international scientific and technological exchanges and economic and trade cooperation, and will have an impact on the stability of the global industrial and supply chains and the recovery of the world economy. The United States' politicization, instrumentalization, and weaponization of technology and economic and trade issues will not stop China's development, but will only block itself and backfire on itself.
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