US tightens AI chip export restrictions to China
The post US tightens AI chip export restrictions to China appeared on BitcoinEthereumNews.com. The Biden administration has placed new restrictions on exporting artificial intelligence chips to China as the AI arms race between the world’s two largest economies heats up. In a statement released this week, the U.S. Department of Commerce announced that it was tightening restrictions it placed on chip exports to China in October 2022. Through the Bureau of Industry and Security, the department stated that the new rules will shut off pathways to evade the government’s restrictions. #ICYMI: Commerce Strengthens Restrictions on Advanced Computing Semiconductors, Semiconductor Manufacturing Equipment, and Supercomputing Items to Countries of Concern More from @BISgov: https://t.co/HJRSwvKAKy pic.twitter.com/NG45Z4hRYo — U.S. Commerce Dept. (@CommerceGov) October 18, 2023 In its ban last year, the Biden administration restricted the sale of the top-of-the-range chips to Chinese firms. While the ban targeted military use, these high-performance chips are also used by AI companies. AMD (NASDAQ: AMD) and the $1-trillion-club memberNvidia (NASDAQ: NVDA) were among the most affected firms. However, these firms have circumvented the ban by manufacturing new chips that fall just below the threshold performance indicated by the restrictions. Nvidia came up with A800 and H800 chips last November, primarily for the Chinese market. Under the new restrictions, the export of these chips to China is now banned. “As we implement these restrictions, we will keep working to protect our national security by restricting access to critical technologies, vigilantly enforcing our rules, while minimizing any unintended impact on trade flows,” commented U.S. Secretary of Commerce Gina Raimondo. The new restrictions are the latest efforts by the U.S. to curtail China’s advancements in AI. With the East Asian nation hot on its heels in AI development, the U.S. has cut it off from the supply of chips, expertise, and funds to secure its place atop the AI industry. In August, U.S. President Joe Biden signed an executive order banning U.S.…
The post US tightens AI chip export restrictions to China appeared on BitcoinEthereumNews.com.
The Biden administration has placed new restrictions on exporting artificial intelligence chips to China as the AI arms race between the world’s two largest economies heats up. In a statement released this week, the U.S. Department of Commerce announced that it was tightening restrictions it placed on chip exports to China in October 2022. Through the Bureau of Industry and Security, the department stated that the new rules will shut off pathways to evade the government’s restrictions. #ICYMI: Commerce Strengthens Restrictions on Advanced Computing Semiconductors, Semiconductor Manufacturing Equipment, and Supercomputing Items to Countries of Concern More from @BISgov: https://t.co/HJRSwvKAKy pic.twitter.com/NG45Z4hRYo — U.S. Commerce Dept. (@CommerceGov) October 18, 2023 In its ban last year, the Biden administration restricted the sale of the top-of-the-range chips to Chinese firms. While the ban targeted military use, these high-performance chips are also used by AI companies. AMD (NASDAQ: AMD) and the $1-trillion-club memberNvidia (NASDAQ: NVDA) were among the most affected firms. However, these firms have circumvented the ban by manufacturing new chips that fall just below the threshold performance indicated by the restrictions. Nvidia came up with A800 and H800 chips last November, primarily for the Chinese market. Under the new restrictions, the export of these chips to China is now banned. “As we implement these restrictions, we will keep working to protect our national security by restricting access to critical technologies, vigilantly enforcing our rules, while minimizing any unintended impact on trade flows,” commented U.S. Secretary of Commerce Gina Raimondo. The new restrictions are the latest efforts by the U.S. to curtail China’s advancements in AI. With the East Asian nation hot on its heels in AI development, the U.S. has cut it off from the supply of chips, expertise, and funds to secure its place atop the AI industry. In August, U.S. President Joe Biden signed an executive order banning U.S.…
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