U.S. chip industry group urged a halt to more curbs in semiconductors export to China in a Monday statement as the Biden administration was reportedly considering more restrictions on advanced chips exports to China.

The U.S. has repeatedly imposed "overly broad, ambiguous, and at times unilateral restrictions" on chips export to China which may backfire on the U.S. industry, according to the Semiconductor Industry Association (SIA) statement.

It added that the rule-tightening also risks disrupting supply chains and causing significant market uncertainty.

The U.S. association represents 99 percent of the U.S. semiconductor industry by revenue and called on the U.S. government to refrain from further restrictions.

Top Biden administration officials, including Secretary of State Antony Blinken, met with executives from Intel, Qualcomm and Nvidia on Monday, a source familiar with the meetings told Reuters.

The U.S. chip industry is keen to protect its profits in China as Nvidia, Qualcomm and Intel have crucial sales riding on the market.

Last year, China accounted for $180 billion in semiconductor purchases, more than a third of worldwide purchases totaling $555.9 billion and the largest single market, according to SIA.

"Over the long-term, restrictions prohibiting the sale of our data center GPUs to China, if implemented, would result in a permanent loss of opportunities for U.S. industry to compete and lead in one of the world's largest markets and impact on our future business and financial results," Nvidia Chief Financial Officer Colette Kress said during an investors conference last month.

Intel Chief Executive Pat Gelsinger last week travelled to China to announce its own AI chip offering in China.

(With input from Reuters)