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Summary
The Biden administration could shed more light on a possible new rule for exporting high-performance artificial intelligence chips to China “relatively soon,” a White House official said Friday. The news on Sept. 1 that the chip companies had received letters caused Nvidia’s stock to fall after the company disclosed the letters could affect as much as $400 million in revenue in its current fiscal quarter.
Show Notes
Sept 30 (Reuters) – The Biden administration could shed more light on a possible new rule for exporting high-performance artificial intelligence chips to China “relatively soon,” a White House official said Friday.
Speaking at an speaking at an event hosted by the Brookings Institution, he did not say what form that regulation might take.
“I think we will be in a position to say more about that relatively soon.”
Reuters reported earlier this month that the U.S. Commerce is preparing curbs on exporting AI chips that could be released as soon as October.
Register now for FREE unlimited access to Reuters.com RegisterReporting by Stephen Nellis in San Francisco Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.
