Arm Holdings Plc Chief Executive Officer Rene Haas said Thursday that US export controls on China threaten to slow overall technological advances and are ultimately bad for consumers and companies, aligning himself with Nvidia Corp. Chief Executive Officer Jensen Huang and others looking to ease tensions between Washington and Beijing. “If you narrow access to to technology and you force other ecosystems to grow up, it’s not good,” Haas said Thursday in an interview with Bloomberg at the Founders Forum Global conference in Oxford. “It makes the pie smaller, if you will. And frankly, it’s not very good for consumers.” He also noted that Arm’s footprint in China is “quite significant.” Semiconductor companies such as Arm and Nvidia Corp. are increasingly warning that export bans will compel China to develop its own industry and could ultimately backfire on the US. Washington has imposed limits on exports of the most sophisticated chips and chip-making equipment to China in recent years in an efforts to stall Beijing ambitions to advance in everything from artificial intelligence to quantum computing. In April, the Trump administration placed new curbs on exports of data center processors to Chinese customers, effectively shutting Nvidia out of the market. The restrictions will cost Nvidia about $8 billion in Chinese revenue during its second fiscal quarter, the company said last month.

Full report : Arm CEO Rene Haas sides with Nvidia CEO Jensen Huang, saying US export controls on China threaten to slow overall tech advances and harm consumers and companies.