Nvidia, AMD Face Chip Export Curbs, As Biden Administration Considers Restrictions On Middle-East Countries, Others: Report

Quick Summary:

What Happened: The proposal which hasn't been finalized yet aims to limit the AI capabilities of certain nations, citing national security concerns, with a focus on Persian Gulf countries, reported Bloomberg, citing people familiar with the matter.

The Joe Biden administration is reportedly considering restricting the export of advanced AI chips from Nvidia Corporation (NASDAQ:NVDA) and Advanced Micro Devices Inc.(NASDAQ:AMD) to specific countries.

The development comes following the introduction of the framework that intends to streamline the licensing process for AI chip shipments to data centers in regions such as the UAE and Saudi Arabia.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United StatesChinaSaudi Arabia

Topics: AI Chips Consumer Tech Tech Persian Gulf Benzinga US67066G1040 US sanctions Media News AMD NVDA US0079031078 Stories That Matter

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-15 @ 04:09:16 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23065894

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 25 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions