Chip Industry Groups Rebuke Biden Administration's Export Controls: Lack of Adequate Consultation - Chip

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Chip Industry Groups Rebuke Biden Administration's Export Controls: Lack of Adequate Consultation

2025-01-15

Six leading chip industry groups have collectively penned a letter to President Biden, criticizing the administration for hastily imposing new export control measures without sufficient consultation with the industry. They voice concerns that this action could undermine the competitiveness and market share of U.S. companies. The new regulations encompass export restrictions on AI chips and HBM, potentially reversing the policy stance towards China and adversely impacting the revenues of related companies.

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