financetom
Technology
financetom
/
Technology
/
Chip industry groups slam expected rules in private letter to Biden
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Chip industry groups slam expected rules in private letter to Biden
Jan 14, 2025 4:37 PM

Jan 14 (Reuters) - A half-dozen trade groups from the

semiconductor and manufacturing industries sent a private letter

to U.S. President Joe Biden complaining that new export controls

expected this week were rushed through without consulting them.

The Biden administration on Monday released regulations on

where computing chips from Nvidia ( NVDA ) can be placed around

the world, setting up a three-tier system in which most nations

will need to obtain licenses to build AI data centers with U.S.

chips.

In a letter to Biden dated January 13 that was not released

publicly, trade groups including the Semiconductor Industry

Association, which represents chip firms, and SEMI, which

represents firms that make tools to manufacture chips,

complained about that rule as well as another rule that could

come as early as this week.

"We understand that this additional rule will even more

strictly control high bandwidth memory, without consideration of

how such changes may impact U.S. companies or cede market share

to global competitors," the letter said.

"Again, these pending regulations have been developed

without appropriate industry consultation or the opportunity for

public comment, despite their long-term impacts and economic and

international significance."

The SIA and SEMI did not immediately respond to a request

for comment.

High-bandwidth memory, currently manufactured by U.S. and

Korean firms, is a critical ingredient to building advanced AI

chips, and the rule would restrict its sale to China.

A source familiar with the expected rules said they could

also reverse an earlier interpretation of the rules that allowed

companies such as Lam Research ( LRCX ), which supplies

equipment to memory chip makers in China, to bring in hundreds

of millions more dollars in revenue than it had previously

anticipated.

Lam did not immediately respond to a request for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Brazil watchdog moves to block access to Elon Musk's X after court order
Brazil watchdog moves to block access to Elon Musk's X after court order
Aug 31, 2024
SAO PAULO/BRASILIA (Reuters) -Brazil's telecommunications regulator said on Friday it was proceeding to suspend access to Elon Musk's X social network in the country in compliance with an order from a judge who has been locked in a months-long feud with the billionaire investor. The move followed the expiry of a court-imposed deadline for the popular social media platform to...
US senator presses Intel CEO on chips award after job cut plan
US senator presses Intel CEO on chips award after job cut plan
Aug 31, 2024
WASHINGTON, Aug 28 (Reuters) - Republican Senator Rick Scott on Wednesday asked Intel ( INTC ) CEO Pat Gelsinger for more details on the company's plans to cut more than 15,000 jobs despite being set to receive nearly $20 billion in U.S. grants and loans to boost chip production. In a letter seen by Reuters, Scott questioned if the Commerce...
Brazil watchdog moves to block access to Elon Musk's X after court order
Brazil watchdog moves to block access to Elon Musk's X after court order
Aug 31, 2024
* Judge's order comes after key legal deadline expires * Telecoms regulator says it is proceeding with compliance * Saga stems from dispute over regulating online speech * X, formerly Twitter, still accessible as of Friday evening (Recasts with regulator statement, adds Musk comment in paragraph 4, details on Google and Apple ( AAPL ) in paragraphs 12-13, Starlink request...
Spotlight on AT&T: Analyzing the Surge in Options Activity
Spotlight on AT&T: Analyzing the Surge in Options Activity
Aug 30, 2024
Whales with a lot of money to spend have taken a noticeably bearish stance on AT&T ( T ). Looking at options history for AT&T ( T ) we detected 8 trades. If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish. From...
Copyright 2023-2025 - www.financetom.com All Rights Reserved