US Mulling New Restrictions on AI Chip Exports to China, Tech Stocks React – News18
Last Updated: June 28, 2023, 04:32 IST
United States of America (USA)
FILE PHOTO: U.S. and Chinese flags are seen on this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration
Shares of Nvidia and Advanced Micro Devices (AMD) fell about 1.4% on the news
The United States is contemplating new restrictions on exports of synthetic intelligence chips to China, the Wall Street Journal reported on Tuesday, citing individuals acquainted with the matter.
Shares of Nvidia and Advanced Micro Devices (AMD) fell about 1.4% on the news.
Nvidia, Micron, and AMD are among the many U.S. chipmakers caught within the crossfire between China and the Biden administration.
In September, Nvidia had stated that U.S. officers requested the corporate to cease exporting two prime computing chips for synthetic intelligence work to China.
The Commerce Department will cease the shipments of chips made by Nvidia and different chip corporations to prospects in China as early as July, the report stated.
The Department of Commerce didn’t instantly reply to a Reuters request for remark.
The new curbs being mulled by the division would ban the sale of even A800 chips with out a license, the report added.
(This story has not been edited by News18 workers and is revealed from a syndicated news company feed – Reuters)
Source web site: www.news18.com
