‘There’s no question that Congress is going to push for a complete ban on the sale of advanced semiconductors into China,’ says a former U.S. ambassador to Beijing
Nvidia is spending more than ever on Washington lobbying. It still may not be able to stop Congress from limiting its China chip sales now.
In short
The chipmaker has sharply increased its advocacy spending to protect its semiconductor business interests in the capital. However, lawmakers appear prepared to enact harsher trade measures targeting the broader technology sector regardless of these expenditures. A former U.S. ambassador to Beijing emphasized that Congress will definitely pursue a full prohibition on shipping advanced semiconductors to China.
Key points
- Increased corporate lobbying expenditures may not be sufficient to derail bipartisan legi…: Increased corporate lobbying expenditures may not be sufficient to derail bipartisan legislative restrictions.
- Trade measures affecting advanced technology exports to China are poised to intensify sig…: Trade measures affecting advanced technology exports to China are poised to intensify significantly.
- Congressional leaders remain firmly aligned on pursuing an outright ban on advanced semic…: Congressional leaders remain firmly aligned on pursuing an outright ban on advanced semiconductor sales.