CEOs from the US semiconductor industry have met with senior US government economics and national security figures on Monday. The topic under discussion was the growing strictness of sanctions placed on China, meaning chipmaker sales to the nation would encounter friction.
According to reports from Reuters, Bloomberg and Forbes , the CEOs from Intel, Nvidia, Qualcomm and others, met in person with officials from the Biden administration. Commerce Secretary Gina Raimondo, National Economic Council director Lael Brainard and National Security Council director Jake Sullivan formed part of the delegation. Apparently, representatives of the tech CEOs have been strongly lobbying against trade curbs and barriers. In respect of trade restrictions things could get worse as new, stronger measures are set to be applied from the US in the coming weeks.
