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Zenger
Zenger
World
Piero Cingari

Chipmakers Brace For Impact As US Mulls New Chip Export Restrictions To China

An exterior view of the NVIDIA headquarters on May 30, 2023, in Santa Clara, California. (Justin Sullivan/Getty Images)

The U.S. government is contemplating new restrictions on the export of AI chips to China in an effort to limit China’s technological advancements and contain its rising influence.

The ban, which may go into effect as soon as next month, would prevent Nvidia Corp. (NASDAQ:NVDA) and other chipmakers from shipping their products to clients in China and other nations of concern without a license, according to a report published by the Wall Street Journal on Wednesday.

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