Tech war: China still an important market for US chip giant Intel, CEO Patrick Gelsinger says in Beijing trip
- China is ‘one of Intel’s most important markets’, Pat Gelsinger said on Wednesday during his first visit to the country as company CEO
- The US chip giant is reportedly introducing a new version of its data centre GPU to comply with Washington’s export curbs targeting China
China remains a key market for American semiconductor giant Intel Corp, CEO Patrick Gelsinger said, despite the Biden administration’s growing efforts to restrict the export of advanced chip technologies to Chinese entities.
“Intel’s presence in China is very important, because the country is one of the world’s largest markets, and also one of Intel’s most important markets,” Gelsinger said at a sustainability summit hosted by the company in Beijing on Wednesday, according to multiple Chinese media outlets.
Gelsinger told the audience that Intel, which opened its first Beijing office in 1986, has long relied on local partners when it comes to research and development, standards setting, and manufacturing of products.
In October, Washington launched a sweeping regulatory update that restricts certain chip-making tools and design software from being sold to companies in China. The rules also bar American citizens from supporting China’s development of advanced chips.
On Tuesday, Gelsinger met Chinese Commerce Minister Wang Wentao to exchange their views on “China-US economic and trade relations, maintaining security and stability of the global semiconductor industry chain, and Intel’s development in China”, according to a statement from the Ministry of Commerce.
