TECH - China Criticizes US Chip Export Rules Impacting Nvidia And AMD | Benzinga
China opposes the U.S.’s recent tightening of semiconductor export regulations.
What Happened: Chinese regulators criticized the U.S.’s restrictions, which were enacted in October.
The new rules have impacted exports and affected companies like Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD), signaling a growing tension between the two nations.
Last week, the Biden administration updated its export rules to restrict China’s access to U.S. artificial intelligence chips and chipmaking tools, Reuters reports.
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This action is part of a broader strategy to limit Beijing’s chip manufacturing capabilities over national security concerns.
A spokesperson from China’s Commerce Ministry ...