Home International BIDEN ANNOUNCES NEW RESTRICTIONS ON EXPORT OF ADVANCE CHIPS TO CHINA

BIDEN ANNOUNCES NEW RESTRICTIONS ON EXPORT OF ADVANCE CHIPS TO CHINA

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The Biden administration has announced new restrictions on exports of advanced chips to China, including two made-for-China chips from Nvidia.

US chip stocks fell as the curbs also hit Advanced Micro Devices and Intel.

The curbs are aimed at closing loopholes that became apparent after the US announced export curbs on chips last October.

They are designed to prevent China’s military from importing advanced semiconductors or equipment

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