US considers tougher restrictions on export of AI chips to China

The Commerce Department will stop the shipments of chips made by Nvidia and other chip companies to customers in China as early as July. Nvidia, Micron, and AMD are among the US chipmakers caught in the crossfire between Chinese and the American administration.

FP Staff|Jun 28, 2023, 10:52:06 IST

The United States is considering tougher restrictions on exports of ‘Artificial Intelligence’ (AI) chips to China, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Shares of Nvidia fell more than 2%, while Advanced Micro Devices (AMD) fell about 1.5% on the news in extended trading.

According to media reports, the Commerce Department will stop the shipments of chips made by Nvidia and other chip companies to customers in China as early as July,

Nvidia, Micron, and AMD are among the U.S. chipmakers caught in the crossfire between China and the Biden administration.

In September, Nvidia had said that U.S. officials asked the company to stop exporting two top computing chips for artificial intelligence work to China.

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