Intel And Qualcomm CEOs Visit Washington To Discuss China Policy


Key Takeaways

CEOs of Intel and Qualcomm, two major semiconductor companies, have planned visits to Washington in the coming week to discuss China policy. These executives aim to hold discussions with U.S. officials regarding market conditions, export controls, and other factors impacting their businesses. The details of their meetings and the officials involved have not been disclosed. It is also expected that CEOs of other semiconductor companies may visit Washington in the upcoming week.


Tightening Export Regulations

According to sources in June, U.S. officials are considering tightening export regulations that would affect high-performance computing chips and exports to Huawei. These regulations would specifically impact Intel, which is developing a new type of artificial intelligence chip that could potentially be sold to China, and Qualcomm, which holds licenses for chip sales to Huawei.

Meetings with U.S. Officials

Meetings scheduled for the upcoming week may include joint sessions between semiconductor company executives and U.S. officials. The purpose of these meetings is to ensure that government officials understand the potential consequences of further tightening chip sales regulations to China.

Concerns in the Semiconductor Industry

Semiconductor companies like Nvidia are concerned about the escalating tensions between China and the U.S., as it could result in permanent sales losses for the chip industry in China, where many businesses are heavily reliant. These high-level executives aim to highlight the impact of tighter chip sales regulations on their ability to reinvest profits into research and development.

Significance of China Sales

Over 20% of the revenue for many U.S. chip companies comes from China. Executives in the industry believe that a decline in sales to China would reduce their profitability and limit their capacity to invest in further innovation.


The outcome of these meetings will have significant implications for the semiconductor industry and its relationship with China.