WASHINGTON :Senior U.S. chip company executives are holding meetings with Commerce Secretary Gina Raimondo, National Economic Council director Lael Brainard, and National Security Council director Jake Sullivan on Monday to discuss China policy, a source told Reuters.On Friday, Reuters reported the chief exec
WASHINGTON :Senior U.S. chip company executives are holding meetings with Commerce Secretary Gina Raimondo, National Economic Council director Lael Brainard, and National Security Council director Jake Sullivan on Monday to discuss China policy, a source told Reuters.
The Commerce Department declined to comment on any potential meetings. The White House also declined to comment. The Biden administration is considering updating a sweeping set of rules imposed in October to hobble China's chip industry and a new executive order restricting some outbound investment. Further rule-tightening by U.S. officials risks"disrupting supply chains, causing significant market uncertainty, and prompting continued escalatory retaliation by China," the industry group said.
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