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home / news releases / NVDA - US to strengthen curbs on China's access to advanced chip tech - Bloomberg


NVDA - US to strengthen curbs on China's access to advanced chip tech - Bloomberg

2023-10-16 07:33:50 ET

The U.S. is planning to strengthen its measures to restrict China’s access to semiconductor and chipmaking tools, with the latest rules aimed to refine and close loopholes from curbs announced last October, reported Bloomberg News on Monday.

According to the report , citing people familiar with the matter, the Biden Administration is weighing to tighten controls on selling graphics chips for AI applications and advanced chipmaking tools to Chinese companies.

The U.S. is also planning to impose additional checks on Chinese companies that evade the restrictions and to add Chinese chip design firms to the trade restriction list requiring overseas manufacturers to gain U.S. license to fill orders from these companies, the report said, adding that the updated restrictions will be published early this week.

Last year the U.S., in an effort to keep some chip technologies from getting into the hands of the Chinese military, prohibited U.S. firms from working with Chinese chipmakers and allowed for certain chips to only be sold to China-based companies with an export license, on account of national security fears.

U.S. in September also curbed the sale of some products of companies including Nvidia ( NVDA ) and Advanced Micro Devices ( AMD ) to China and Russia.

Nvidia's A100 chip and other microprocessors were among those restricted. The latest curbs could potentially ban the sale of A800 chips without a license. The A800 chip was launched in response to last year's export rules.

More on U.S.-China chip war

For further details see:

US to strengthen curbs on China’s access to advanced chip tech - Bloomberg
Stock Information

Company Name: NVIDIA Corporation
Stock Symbol: NVDA
Market: NASDAQ
Website: nvidia.com

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