U.S. Considers Tightening Restrictions on Nvidia's China Sales of AI Chips
The Biden administration is exploring the possibility of further restricting Nvidia's sales of H20 AI chips to China, according to a report by Bloomberg News. The H20 chips are designed to comply with existing U.S. export controls on AI technology.
Discussions on tightening restrictions are in their early stages, and no formal decision has been made. The White House has not yet commented on the matter. Nvidia has stated its willingness to cooperate with the administration's approach to AI.
The news of potential restrictions has contributed to a decline in Nvidia's share price, which was already trading lower during the day.