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He Lifeng Meets Lisa Su as China Pushes U.S. Chipmakers to Deepen Ties

China seeks to keep U.S. chipmakers engaged, with export rules and licensing conditions shaping what firms can sell.

Overview

  • China’s vice premier He Lifeng met AMD CEO Lisa Su in Beijing Monday and urged multinational chipmakers to expand investment following the XiTrump summit.
  • Lisa Su pledged to grow AMD’s operations in China and spoke at AMD’s AI Developer Day in Shanghai, underscoring China’s importance to the company’s revenue and product plans.
  • U.S. export controls have forced firms to build China-specific, downgraded chips; AMD already ships lower‑power variants to comply with those rules.
  • Both AMD and Nvidia won export licenses late last year for China‑specific processors that carry a reported 15% revenue fee, but Nvidia has struggled to convert its approvals into completed H200 sales.
  • Beijing’s direct engagement aims to preserve commercial ties and could lead to new deals if U.S. licensing eases, so watch for concrete orders, revised approvals, or formal partnerships in the coming months.