Cryptocurrencies

US Expands Export Controls on AI Semiconductor Chips to China

The United States Department of Commerce’s Bureau of Industry and Security (BIS) issued a notice on October 17, extending existing export controls on artificial intelligence (AI) chips to China.

The BIS stated that the newly established regulations aim to “reinforce” those implemented in October 2022. The objective is to limit China’s capacity to “both purchase and manufacture certain high-end chips that are critical for military advantage.”

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