© Reuters. FILE PHOTO: U.S Representative Andy Barr (R-KY), Rep. Mike Gallagher (R-WI), and Rep. Blaine Luetkemeyer (R-MO) attend a House Select Committee on the Chinese Communist Party listening to entitled “The Chinese Communist Party’s Threat to America,” in Washing
By Stephen Nellis
(Reuters) -The chair of the U.S. House of Representatives’ committee on China is planning to meet with a semiconductor industry group to categorical issues over U.S. investments in China’s chip industry, in accordance to a supply aware of the matter.
The supply stated the assembly was initially deliberate for Tuesday however was subsequently postponed, due to scheduling conflicts. It has but to be rescheduled.
Representative Mike Gallagher, an influential Republican lawmaker whose choose committee has pressed the Biden administration to take a harder stance on sending U.S. expertise to China, needs to meet with the Semiconductor Industry Association, the supply stated.
The group represents main chip companies equivalent to Nvidia (NASDAQ:) and Intel (NASDAQ:), whose gross sales to China have been affected by latest modifications in U.S. export guidelines.
Gallagher plans to inform the group he believes that U.S. guidelines enacted final October that minimize off the sale of superior synthetic intelligence chips to China needs to be tightened to cowl much less superior chips, the supply stated. The supply added that Gallagher additionally goals to discuss with the group about lowering the variety of semiconductor manufacturing machines that might be despatched to China.
Also among the many deliberate dialogue matters is U.S. funding in Chinese chip companies, in accordance to the supply. Intel, Qualcomm (NASDAQ:) and different companies have enterprise capital arms which have invested in Chinese expertise corporations.
Gallagher additionally will categorical his issues {that a} huge Chinese effort to construct up capability to construct much less superior chips utilized in vehicles, washing machines and different on a regular basis merchandise might someday end in China dumping these chips on the U.S. market and drive U.S. makers of such chips out of enterprise, the supply stated.
A consultant for the Semiconductor Industry Association declined to remark.
