Nvidia (NVDA) and Advanced Micro Devices (AMD) are ramping up lobbying efforts and have reached out to the Trump administration to prevent the US Congress from curbing chip exports to China, Politico reported Tuesday, citing unnamed people familiar with the matter.
The companies hope that the Trump administration will intervene and prevent lawmakers from including China-related restrictions in the annual defense policy bill, according to the report.
Nvidia CEO Jensen Huang is set to attend a meeting with Donald Trump, Speaker Mike Johnson and other chief executives of technology companies at the White House today, the report added.
Nvidia, AMD, and the White House did not immediately respond to MT Newswires' requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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