- The Biden Administration is reportedly to introduce new powers to block exports to Chinese chipmakers.The US is about to introduce a new rule to clamp down on AI chip equipment exports to China, Reuters reports
- The rule aims to curb China’s AI development but excludes shipments from key allies, per Reuters.
- The Netherlands is reportedly exempt and Dutch firm ASML shares surged following the report.
Jul 31, 2024, 3:49 AM PDTShareSave
