The Biden Administration is cracking down on China's AI chip production.Thomson ReutersThe Biden Administration is reportedly to introduce new powers to block exports to Chinese chipmakers.The rule aims to curb China's AI development but excludes shipments from key allies, per Reuters.The Netherlands is reportedly exempt and Dutch firm ASML shares surged following the report.The US Government is reportedly due to announce it is expanding its power to block the export of semiconductor manufacturing equipment to Chinese chipmakers, in its latest bid to undercut the country's efforts to develop AI.Reuters reported Wednesday that the new rules would affect countries including Israel, Taiwan, Singapore, and Malaysia.
The Us Is About To Introduce A New Rule To Clamp Down On Ai Chip Equipment Exports To China, Reuters Reports
bnolan@insider.com (Beatrice Nolan), Business Insider
Wed, 07/31/2024 - 3:49am
Topics: great firewall us government israel taiwan singapore malaysia japan south korea dutch tokyo electron us commerce department chatgpt tiananmen square winnie pooh chinese communist party biden administration china ai reuters bi netherlands asml us business insider xi jinping beijing chinese introduce rule equipment exports country reported reportedly semiconductor block access undercut allies shipments boost report.the sources models power firm efforts including wednesday language large
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