As we can read in TechPowerUp, the CEOs of Intel, NVIDIA and Qualcomm have met with representatives of the United States government before the escalation of the restrictions on the import of semiconductors imposed on China. It is believed that Qualcomm will lose up to 60 percent of revenue with the continued restrictions on China.
AMD was not present at these meetings because Lisa Su was away on business business in Taiwan, but we do know that Commerce Secretary Gina Raimondo, National Economic Council Director Lael Brainard, and the Director of the National Security Council, Jake Sullivan, They met with industry leaders.
On one side, the US government believes that limiting China’s access to cutting-edge technology reinforces national security interests, since the Chinese army will not be able to develop competitive defense systems.
However, the Semiconductor Industry Association declared the restrictions too broad, vague and sometimes one-sided, risk diminishing the competitiveness of the US semiconductor industry, disrupting supply chains, causing significant uncertainty in the market and provoking continued retaliation from China.
End of Article. Tell us something in the Comments!
