"High-Level Meeting: Chip Companies and US Officials Discuss China Policy"

U.S. chip company executives are meeting with Biden administration officials to discuss China policy, as the semiconductor lobby group urges a halt to more restrictions on chip exports to China. The chip industry is concerned about protecting its profits in China, which accounted for over a third of worldwide semiconductor purchases last year. The Biden administration is considering updating rules to hobble China's chip industry and restrict outbound investment. The Semiconductor Industry Association (SIA) has called on the administration to refrain from further restrictions and allow continued access to the Chinese market. Intel, Qualcomm, and Nvidia are among the companies participating in the meetings.