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U.S. curbs export of more AI chips, including Nvidia H800, to China - TL;DR CNBC

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: NVDAINTCAMATAMDAVGOMRVL

Keywords: united statesmarvell technology incintel corpenterpriseapplied materials incgina raimondobreaking news: politicscomputer hardwaretechnologynvidia corpbroadcom incbusinessadvanced micro devices incpoliticsapple incmobilebreaking news: technologygovernment and politicsbusiness newssocial issueschina

Source: https://www.cnbc.com/2023/10/17/us-bans-export-of-more-ai-chips-including-nvidia-h800-to-china.html


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