Biden to cut China off from more Nvidia chips, expand curbs to more countries
By Alexandra Alper, Karen Freifeld and Stephen Nellis
October 17, 2023
Nvidia's business has soared since the imposition of last year's rules because its China-only chips are still better than alternatives. The Silicon Valley firm is currently selling almost every chip it can procure as worldwide demand outstrips supply, but would be hurt in the long term as Chinese chip firms seek to fill any voids left by U.S. companies.
Nvidia's A800 and H800 chips will be hit by the new regulations, due to a change in chip parameters aimed at capturing a greater number of chips.
But the rules will exempt most consumer chips used in laptops, smartphones and gaming, though some will be subject to licensing and notification requirements by U.S. officials.
"The fact is, China, even after the update of this rule, will import hundreds of billions of dollars of semiconductors from the United States," Raimondo said, emphasizing that the goal of the measures was not to hammer U.S. companies.
reuters.com |
