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U.S. chip export ban is 'great news,' says partner at Chinese tech investment fund - TL;DR CNBC

U.S. chip export ban is 'great news,' says partner at Chinese tech investment fund

Publishing timestamp: 2023-10-23 01:08:23


Summary

Chloe Wang, a partner at Yang Cheng Fund, welcomes the U.S. ban on certain AI chips to China, seeing it as positive for the domestic ecosystem. The ban restricts the export of Nvidia's A800 and H800 chips over concerns of military use. Wang believes Chinese chipmakers will play a leading role and create their own ecosystem. However, there are concerns about the impact on Chinese economic growth and the efficiency of chip-making for Huawei.


Sentiment: MIXED

Tickers: NVDA

Keywords: asia newsgina raimondochinaasia economytechnologysemiconductor device manufacturingartificial intelligencebusiness newsunited statesnvidia corp

Source: https://www.cnbc.com/2023/10/23/us-chip-export-ban-is-great-news-says-partner-at-chinese-tech-investment-fund.html


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