WASHINGTON - The Biden administration is considering moves that will restrict US investments in Chinese technology companies, amid growing tensions between the United States and China, according to people familiar with the matter.
The Commerce Department may place further restrictions on chips used for artificial intelligence computing. He said the executive order was part of a broader strategy, pointing out that the US recently curbed sales of semiconductors to China and Russia.to bolster domestic semiconductor research and development.
Nvidia tumbled Thursday after the chipmaker said new rules on the export of some artificial intelligence chips could affect hundreds of millions of dollars in revenue.
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