Nvidia Corporation (NASDAQ: NVDA) and Advanced Micro Devices, Inc. (NASDAQ: AMD) announced earlier this month that the U.S. government has restricted artificial intelligence chip exports to China, triggering concerns among tech investors. A new report now suggests that more curbs could be announced next month.
What Happened: The Biden administration is contemplating a move to broaden restrictions on AI chip and semiconductor manufacturing equipment exports to China, and a decision in this regard could be announced as early as next month, Reuters reported.
