Chip companies, top US officials discuss China policy

WASHINGTON - US chip company executives met with top Biden administration officials on Monday to discuss China policy, the State Department and sources said, as the most powerful semiconductor lobby group urged a halt to more curbs under consideration.

Mr Blinken sought “to share his perspective on the industry and on supply chain issues, especially after his recent visit to China” and “to hear directly from those companies about how they see supply chain issues, about how they see doing business in China,” State Department spokesperson Matthew Miller said at a press briefing.

The law also created a 25 per cent investment tax credit for building chip plants, estimated to be worth US$24 billion. 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.

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