American officials strengthen export control against Nvidia AI-Chips by trying to prevent advanced technologies in China and maintain US leadership in the artificial intelligence race. After the launch of previous restrictions, NVIDIA developed chips as close to the settled borders as possible.
Nvidia shares fell approximately 6% after the process was closed.
The US Department of Commerce representative, Nvidia’dan H20 and AMD’den MI308 and analogs, including the new requirements for the licensing of the export of chips, he said. According to him, the ministry aims to fulfill the President’s National and Economic Security Protection Directive.
AMD has not commented yet. After the auction was closed, his shares decreased by 7%.
Source: Ferra
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