Biden administration will restrict the export of advanced chips to China, such as Nvidia, in order to "plug loopholes."
Hawk_Finance
2023-10-18 17:43:43
2.93W
Share to:
Collect
Hot List Ranking
- After DeepSeek, China launched AI Agent King Bomb, and Manus used "digital agents" to reshape the boundaries of productivity?Cristiano
- Germany's fiscal "big turn": Can a 500 billion euro fund restart the European economic engine?Gareth
- The era of digital payments accelerates in Australia's cash utilization rate has plunged to 13%Gareth
- TSMC invests an additional $100 billion in the United States, setting a record for the largest foreign investment in U.S. historyHawk News
- Li Ka-shing sells off most of his global port operations, retaining his Chinese businessHawk News
The Biden administration updated export control rules for artificial intelligence (AI) chips on October 17, planning to prevent companies such as Nvidia from exporting advanced AI chips to China.。Following the announcement, Nvidia shares plunged nearly 5%, AMD shares plunged more than 2%, and Intel shares fell 1.7%。According to the latest rules, Nvidia's chip exports to China, including A800 and H800, will be affected.。The new rules will take effect after 30 days of public consultation.。In response, Nvidia said: "We comply with all applicable regulations and strive to provide thousands of applications that support different industries.。Given the global demand for our products, we do not expect (the new regulations) to have a material impact on our financial results in the near term.。"
·Original
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
Guess what you like
