Reported 7 months ago
On June 11, 2024, it was reported that the US is considering further restrictions on China's access to advanced AI chips, with Nvidia's stock price falling as a result. The Biden administration is reportedly targeting China's access to advanced chips, particularly those utilizing the GAA technology. This move aims to make it harder for China to develop complex computer systems and AI capabilities. Following this news, Nvidia's stock dropped by 2.5%, while other chip manufacturers like AMD and Intel also saw declines in their stock prices. The US has been taking various measures to prevent China from accessing advanced chips for military purposes, with discussions around regulating the GAA technology still ongoing.
Source: YAHOO