Semiconductors in focus as NEC director says 'some' China controls may be eased

Semiconductors were in focus on Monday as National Economic Council Director Kevin Hassett said that the U.S. could ease some export curb controls to China as part of trade talks.
However, export controls on high-end versions of Nvidia’s (NASDAQ:NVDA) chips will not be eased, due to national security issues, Hassett said in an interview on CNBC.
The U.S. has had semiconductors as part of a broad, sweeping export control curb to China for several years, due to national security issues. In April, the Trump administration strengthened those export controls, after it told Nvidia that it would need a special license on an indefinite basis to ship its H20 graphic processing units or related hardware to China.
Representatives from the U.S. and China, including Treasury Secretary Scott Bessent, are meeting in London today to further discuss trade between the two countries.
Nvidia did not immediately respond to a request for comment from Seeking Alpha.

Semiconductors in focus as NEC director says ‘some’ China controls may be eased