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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

US lawmaker to urge chip industry group to reduce China investments

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this i... Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo
Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this i... Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

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US lawmaker to urge chip industry group to reduce China investments. According to a person acquainted with the situation, the chair of the committee on China in the United States House of Representatives plans to meet with a group representing the semiconductor sector to raise concerns regarding investments made by the United States in the chip industry in China.

According to the source, the gathering was scheduled for Tuesday at first, but it was ultimately moved to a later day due to complications with the schedule. It has not yet been rescheduled at this time.

According to the source, Representative Mike Gallagher, a prominent Republican member whose select committee has urged the Biden administration to take a harsher stance on shipping U.S. technology to China, wants to meet with the Semiconductor Industry Association. Gallagher is the chair of the select committee that has pressed the administration to take a stricter approach.
The association represents major chip manufacturers such as Nvidia (NVDA.O) and Intel (INTC.O), whose exports to China have been negatively impacted due to recent changes to export regulations in the United States.

According to the source, Gallagher aims to tell the group that he feels that the limits that the United States implemented in October of last year that cut off the sale of advanced artificial intelligence chips to China should be strengthened to cover less advanced chips. These rules prevented the sale of advanced artificial intelligence chips to China. According to the information provided by the source, Gallagher intends to discuss with the group the possibility of cutting the number of manufacturing machines for semiconductors shipped to China.

According to the source, one of the items that will also be on the agenda for discussion is the investment of the United States in Chinese semiconductor businesses. Several organizations, including Intel and Qualcomm (QCOM.O), have established venture capital divisions that have invested in Chinese technology companies.

According to the source, Gallagher will also express his concerns regarding the possibility that a massive Chinese effort to build up capacity to build less advanced chips used in automobiles, washing machines, and other everyday products could one day result in China dumping those chips on the U.S. market and driving U.S. makers of such chips out of business. These chips are used in washing machines, automobiles, and other products.

The Semiconductor Industry Association chose not to comment through a representative of the organization.


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