Chip Leaders Head to Washington to Lobby for China Rules Relief
- Companies argue that restrictions will hurt diplomatic efforts
- Gallagher ‘alarmed’ at CEOs seeking ‘weaker export controls’
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America’s largest semiconductor companies are embarking on a last-ditch effort to head off new curbs on their sales to China, with senior executives traveling to Washington next week for talks with administration officials and lawmakers.
The chief executive officers of Intel Corp., Qualcomm Inc. and Nvidia Corp. are planning to lobby against extending restrictions on the sale to China of certain chips and the equipment to manufacture the semiconductors that the Biden administration is set to roll out in the coming weeks, people familiar with the matter said.