NVIDIA, Intel & Qualcomm Reportedly Demand Ease in Trade Policies With China
Tech industry leaders such as NVIDIA & Intel are now lobbying with the US government in an attempt to ease the intensity of trade sanctions and curbs placed on China.
The move comes after the announcement of the Biden government to place further sanctions on China, mainly targeting the rapidly growing artificial intelligence industry. Reuters report that CEOs from NVIDIA. Intel & Qualcomm met with a delegation of the US government involving Commerce Secretary Gina Raimondo, National Economic Council director Lael Brainard and National Security Council director Jake Sullivan.
Although there aren't many details on the specific meeting, all companies went with a single aim of preventing the US from imposing any additional measures that would tarnish their influence in "Chinese markets". Moreover, the SIA (Semiconductor Industry Association) has also expressed concerns about US policy, advising to "refrain from further restrictions" and to allow tech companies to continue business in one of the largest semiconductor markets. They made emphasis on dialogue to settle the situation.
Well, if the planned sanctions are implemented in China, things could go south for many companies relying on Chinese markets for their progress. Analysts have reported predicted a drop of 10% in NVIDIA's data center revenue if the US curbs are imposed. NVIDIA's A800 and H800 AI GPUs are selling like hotcakes in the region, with a recently reported price bump after the ban rumor started spreading in markets.
In addition, companies like Intel have also recently stepped into the region, unveiling its Habana Gaudi2 accelerators for AI & HPC to the Chinese market. Intel aims to capitalize on the AI "gold mine" with HPC partners such as Inspur, H3C, and
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