March 30, 2024Business Desk

New export regulations targeting AI chips, tools to China revised by US

In an effort to limit China's access to advanced United States artificial intelligence (AI) chips and chipmaking tools, the Biden administration has announced revisions to the existing rules.

Source: Pexels

These measures, which were initially released in October, aim to impede the Beijing's chipmaking industry due to national security concerns.

Source: Pexels

The updated regulations provide clarity on various aspects, including the extension of restrictions on chip shipments to China to encompass laptops containing such chips.

Source: Pexels

The Commerce Department, responsible for overseeing export controls, has indicated its intention to continually refine and enhance these measures aimed at regulating technology shipments to China.

Source: Pexels