The Biden administration stepped up its efforts to block Beijing’s access to advanced semiconductor technology with a slew of new rules, including curbs on the sale of Nvidia Corp. chips designed specifically for the Chinese market.
The latest regulations also restrict exports to two Chinese artificial-intelligence chip firms that are seen as rivals to US-based Nvidia. The rules — aimed at preventing China from accessing cutting-edge technology with military uses — cast a cloud over US chip stocks on Tuesday.
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