"U.S. Chip Lobby Urges Biden to Avoid Additional China Restrictions"

The U.S.-based Semiconductor Industry Association has urged the Biden administration to avoid imposing further restrictions on chip sales to China, as CEOs from major U.S. semiconductor firms plan to visit Washington to discuss China policy. The call comes as the U.S. considers updating rules to limit China's chip industry and restrict outbound investment. The industry group warns that additional restrictions could disrupt supply chains, create market uncertainty, and provoke retaliatory actions from China. They urge the administration to engage with industry and experts to assess the impact of current and potential restrictions before implementing any new measures.