Chip CEOs Seek Washington Meet On China Policy

The CEOs of Intel Corp. and Qualcomm Inc. are planning to visit Washington next week to discuss China policy, two sources familiar with the matter told Stephen Nellis, Anfrea Shalal and Karen Freifield of Reuters.

Photo Insert: Intel CEO Patrick Gelsinger.

The executives plan to hold meetings with US officials to talk about market conditions, export controls and other matters affecting their businesses, one of the sources said.

It was not immediately clear whom the executives would meet. The sources said other semiconductor CEOs may also be in Washington next week. The sources declined to be named because they were not authorized to speak to the media.

US officials are considering tightening export rules affecting high-performance computing chips and shipments to Huawei Technologies Co Ltd, sources told Reuters in June.

The rules would respectively affect Intel, which is preparing a new artificial intelligence (AI) chip that could be shipped to China, and Qualcomm, which has a license to sell chips to Huawei.

The Biden administration last October issued a sweeping set of rules designed to freeze China's semiconductor industry in place while the US pours billions of dollars in subsidies into its own chip industry.

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