Even with Upgraded ban, China Will Import Billions of Dollars Worth of US Chips? Stop Joking！

According to reports, the Biden administration recently announced an updated ban on exporting AI chips, which will primarily affect American chip manufacturers like NVIDIA and Intel. The ban prohibits the sale of advanced AI chips to Chinese customers, particularly targeting NVIDIA. As a result, NVIDIA’s stock plummeted, losing 4.7% and evaporating $ billion in market value overnight. U.S. Secretary of Commerce Gina Raimondo defended the ban, stating it aimed to prevent China from acquiring cutting-edge chips for military and AI development. However, she also claimed not to intend harm to China’s economy, sparking questions about the true intentions of the United States. NVIDIA had previously resisted the ban and joined forces with Intel and Qualcomm to oppose it. The CEOs of the three companies even met with Biden administration officials to discuss the matter. Intel’s CEO was particularly vocal, threatening that their investment plans in building a chip factory in Ohio might be affected. NVIDIA’s legal advisor emphasized that an upgraded ban would have negative consequences for the U.S. semiconductor industry and AI fields. “China Focus“ is a YouTube channel created to provide current events and pop culture headlines from you can get to know a more real China through my video. #ChineseNews #chips #ChinaFocus Thanks for your watching and subscribing.