The Biden administration plans to expand export restrictions on US chip companies to China, according to a new report.
This is reported by Reuters On Sunday night, the new restrictions on artificial intelligence semiconductors and chip-making tools would be based on restrictions published earlier this year in letters to KLA Corp.
Lam Research Corp.
and Applied Materials Inc.
The restrictions barred those companies from exporting semiconductors to Chinese chipmakers that produced processes below 14 nanometers unless approved by the Commerce Department, Reuters reported.
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The report says there will also be new curbs codify the restrictions sent last month at Nvidia Corp.
and Advanced Micro Devices Inc.
against the supply of some artificial intelligence chips to China. Shares of Nvidia fell to a 52-week low after disclosure of limitations.
Broader restrictions could affect a number of other major technology companies, including Intel Corp.
Dell Technologies Inc.
and Hewlett-Packard Enterprise Co.
according to the report.
Reuters also reported that other restrictions may be added.