U.S. chip export ban is ‘great news,' says partner at Chinese tech investment fund

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The U.S. Department of Commerce will prevent the sale of some advanced AI chips to China, a move welcomed by a partner at a Chinese investment fund.

Chloe Wang, a partner and vice-president at the Guangzhou-headquartered Yang Cheng Fund, welcomed the news that the U.S. will ban the export of certain types of artificial intelligence chip to China.

The Yang Cheng Fund invests in semiconductor companies that make chips for the AI training and autonomous vehicle sectors, among others. Chloe Wang, a partner and vice-president at the Guangzhou-headquartered Yang Cheng Fund, said:"We received the very great news this morning, and I didn't feel surprised about the U.S. continued to ban the H100 and 800 exports to China," Wang told CNBC'sThe U.S. Department of Commerce is set to prevent the sale of some advanced artificial intelligence chips to China,Nvidia's H100 chip, used by AI firms in the U.S., was banned for sale in earlier U.S. government restrictions.

"I still feel quite confident about the Chinese entrepreneurs as well as the consumer base market," she added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 524. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. chip export ban is 'great news,' says partner at Chinese tech investment fundThe U.S. Department of Commerce will prevent the sale of some advanced AI chips to China, a move welcomed by a partner at a Chinese investment fund.
Source: CNBC - 🏆 12. / 72 Read more »