The new rules are set to take effect in 30 days and will include AI chips produced by companies such as Nvidia. The restrictions have been met with opposition from China, which plans to continue importing hundreds of billions of dollars in US semiconductors and argues that the move undermines the international economic and trading order. The revised guidelines were also designed to close loopholes found in rules released last October, with updates expected at least annually.
Key takeaways:
- The Biden administration plans to stop exporting AI chips and manufacturing equipment to China to prevent the Chinese military from importing advanced semiconductors or equipment.
- The new restrictions, which include AI chips produced by companies such as Nvidia, are set to go into effect in 30 days.
- The rules also include restrictions on exports on a broader amount of advanced chips and chipmaking tools to countries such as Russia and Iran, and place a blacklist on the Chinese chip designers Biren and Moore Threads.
- China, which plans to continue importing hundreds of billions of dollars in US semiconductors, "firmly opposes" the new restrictions, arguing that they undermine the international economic and trading order.