United States of America Considering new restrictions on the export of AI chips to China. The news affected stocks of major companies in the industry, which have been stuck at the crossroads of accusations between China and the administration of President Joe Biden for a year: Nvidia fell 1.30% and Intel lost 1.51%. Shares of Advanced Micro Devices (AMD) fell at the start of the session and are now up 0.17% to offset some of the loss.
This is a measure of the Biden government that seeks to limit the acquisition of advanced technologies. China like the development of hypersonic weapons and the use of artificial intelligence chips that can be used for modeling nuclear weapons. According to information gathered by Reuters, Nvidia’s advanced A100 chips sell for around $20,000 on the Chinese black market, which is twice their normal cost.
Definitely, The most affected value was Nvidia’s. Led by Jen-Hsun Huang, the company had managed to enter the elite club with the largest capital in the world, surpassing one trillion dollars. Its shares are up 192.44% since the start of the year and are already sixth among the largest companies after Amazon. That same week, Intel and AMD gave up on the idea of ​​expanding into Europe, a future epicenter of chip development and manufacturing alongside the United States, thanks to announcements.
technological warfare
Tensions between the two world powers began in September. Nvidia says US officials have asked the company to stop exporting its two top computer chips for AI work to China. According to a report by the Wall Street Journal, the Department of Commerce, Stop shipping US-made semiconductors to customers in China from July. These new restrictions will also prohibit the sale of A800 chips without a special export license.
In October, the US imposed restrictions on chips exports, as well as the tools, technology and ‘software’ needed to design and manufacture them. Then, in May of this year, China bans the purchase of products manufactured by American Micron Technology considering that they may pose a national security risk to the country. The Chinese regulator claimed that the chip firm’s products failed safety-related tests. Micron fell 4.6% on Wall Street that day, but other brands in the industry that supply billions of products to the Asian giant, such as Qualcomm or Broadcom, have also been hit by the intensification of the tech war between the two countries. two countries.
Source: Informacion
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