China wants the US to relax export controls on chips as part of a broader trade deal, raising alarm in Washington.
Beijing’s push to lower restrictions comes ahead of the Aug. 12 deadline for a US-China trade deal.
China argues the curbs hinder domestic firms’ ability to make their own artificial intelligence chips. “Relaxing these controls would be a gift to Huawei and SMIC,” one insider told the Financial Times, though US President Donald Trump may see the limits as a bargaining chip to get a summit with China’s leader Xi Jinping, experts said.
Chip firms Nvidia and AMD, which have pushed for lower export controls, reportedly agreed to pay 15% of their Chinese chip sale revenue to the US government.
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