TECH - Huawei's Ambitious AI Chip Developments Trigger Potential US Sanctions on Chinese Firms | Benzinga
The Biden administration is contemplating the addition of several Chinese semiconductor firms associated with Huawei Technologies Co to the blacklist.
This consideration arises as Huawei achieved a notable tech breakthrough last year, raising concerns in Washington about its enhanced capabilities despite existing sanctions. Prior reports indicated Huawei, Tencent Holding Ltd (OTC:TCEHY) developing AI chips competing with Nvidia Corp’s (NASDAQ:NVDA) to tap China’s $7 billion AI market.
This move could escalate the U.S. efforts to contain China’s aspirations in AI and semiconductor technology, putting additional pressure on Huawei, which has progressed in creating a smartphone processor unexpectedly advanced for its current sanctions status, Bloomberg reports.