Tuesday, October 17, 2023

US-China chip war: Nvidia hit as China cut off from more advanced chips

 The Biden administration has announced new restrictions on exports of advanced chips to China, including two made-for-China chips from Nvidia. 

US chip stocks fell as the curbs also hit Advanced Micro Devices and Intel.

The curbs are aimed at closing loopholes that became apparent after the US announced export curbs on chips last October.

They are designed to prevent China's military from importing advanced semiconductors or equipment. Pepijn Hakstege


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