Washington further limited Beijing’s access to cutting-edge technologies yesterday.
The US yesterday said it plans to halt shipments to China of more advanced AI chips designed by Nvidia and others.
The US has said it does not want to block China’s economic development, and China hopes the US will adhere to this rather than saying one thing and doing another, it said. China’s CSI Semiconductor dropped 1.4% today following the announcement, while the STAR Chip lost 1.2%. Yang Wang, a senior analyst at Counterpoint, said he expected only limited disruption to the Chinese AI industry given that many had been bracing for the curbs and stockpiling chips.
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