Alibaba Group Holding Limited (NYSE:BABA) and its peers, including Baidu, Inc (NASDAQ:BIDU), PDD Holdings Inc (NASDAQ:PDD), Bilibili Inc (NASDAQ:BILI) harboring artificial intelligence ambitions could face a rough ride as the U.S. government intensifies its semiconductor sanctions against China.
The Biden administration, facing resistance to its semiconductor restrictions on China, has informed allies that it is considering the strictest trade measures available if crucial providers of chipmaking machinery like Tokyo Electron Ltd and ASML Holding (NASDAQ:ASML) ...