U.S. curbs export of more AI chips, including Nvidia H800, to China
Publishing timestamp: 2023-10-17 12:31:06
Summary
The U.S. Department of Commerce plans to restrict the sale of advanced artificial intelligence chips to China, which could affect companies like Nvidia, Intel, and AMD. The new export restrictions aim to prevent Chinese access to advanced semiconductors that could be used for military purposes. The restrictions may hamper the sale and export of semiconductor manufacturing equipment as well. Shares of chip stocks dropped on the news.
Sentiment: NEGATIVE
Tickers: NVDA, INTC, AMAT, AMD, AVGO, MRVL,
Keywords: united states, marvell technology inc, intel corp, enterprise, applied materials inc, gina raimondo, breaking news: politics, computer hardware, technology, nvidia corp, broadcom inc, business, advanced micro devices inc, politics, apple inc, mobile, breaking news: technology, government and politics, business news, social issues, china,
Source: https://www.cnbc.com/2023/10/17/us-bans-export-of-more-ai-chips-including-nvidia-h800-to-china.html