Intel, NVIDIA, and Qualcomm, call on the US government to suspend the new wave of export bans on China

Bloomberg reported that representatives from Intel, NVIDIA, and Qualcomm, during talks with White House officials, urged the U.S. government to temporarily halt the imposition of a new wave of export restrictions against China. They pressed for thorough contemplation of the consequences of the persistent implementation of export bans on China.

High-level executives, including Intel CEO Pat Gelsinger, NVIDIA CEO Jensen Huang, and Qualcomm CEO Cristiano Amon, collectively opined that the persistent enforcement of export bans on China will eventually jeopardize America’s preeminent position in the development of the semiconductor industry.

However, sources indicate that White House officials have neither responded nor committed to any changes in their stance. Similarly, neither Intel, NVIDIA, nor Qualcomm have officially commented on Bloomberg’s report.

In the past, the U.S. government, citing concerns over national security, prohibited the export of specific technological products to China from American chip and software companies. The embargo included items such as accelerator chip products used in artificial intelligence training, 5G network-related chip products, and software used in related technical fields. These items could only be exported to the Chinese market under exceptional circumstances.

Many opinions suggest that such actions by the U.S. government will lead to self-imposed limitations, prompting the Chinese government to further stimulate the development of its semiconductor industry, artificial intelligence, and other frontier technologies. This could potentially surpass the pace of progress made by U.S. companies. Consequently, numerous enterprises are apprehensive that the U.S. government’s export bans on China will not only fail to achieve the intended restrictive effect but will also rob American businesses of development opportunities in the world’s largest export market. This could, in turn, relinquish America’s leadership in the development of frontier technologies.