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US lawmaker to induce chip trade group to scale back China investments -source By Reuters

© Reuters. FILE PHOTO: U.S Consultant Andy Barr (R-KY), Rep. Mike Gallagher (R-WI), and Rep. Blaine Luetkemeyer (R-MO) attend a Home Choose Committee on the Chinese language Communist Celebration listening to entitled “The Chinese language Communist Celebration’s Menace to America,” in Washing

By Stephen Nellis

(Reuters) -The chair of the U.S. Home of Representatives’ committee on China is planning to satisfy with a semiconductor trade group to specific issues over U.S. investments in China’s chip trade, in line with a supply acquainted with the matter.

The supply stated the assembly was initially deliberate for Tuesday however was subsequently postponed, resulting from scheduling conflicts. It has but to be rescheduled.

Consultant Mike Gallagher, an influential Republican lawmaker whose choose committee has pressed the Biden administration to take a more durable stance on sending U.S. expertise to China, needs to satisfy with the Semiconductor Trade Affiliation, the supply stated.

The group represents main chip companies corresponding to Nvidia (NASDAQ:) and Intel (NASDAQ:), whose gross sales to China have been affected by current modifications in U.S. export guidelines.

Gallagher plans to inform the group he believes that U.S. guidelines enacted final October that reduce off the sale of superior synthetic intelligence chips to China ought to be tightened to cowl much less superior chips, the supply stated. The supply added that Gallagher additionally goals to speak with the group about decreasing the variety of semiconductor manufacturing machines that might be despatched to China.

Additionally among the many deliberate dialogue subjects is U.S. funding in Chinese language chip companies, in line with the supply. Intel, Qualcomm (NASDAQ:) and different companies have enterprise capital arms which have invested in Chinese language expertise firms.

Gallagher additionally will specific his issues {that a} large Chinese language effort to construct up capability to construct much less superior chips utilized in vehicles, washing machines and different on a regular basis merchandise might in the future lead to 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 Trade Affiliation declined to remark.

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