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U.S. Curbs AI Chip Exports to Middle East by Nvidia, AMD Amid National Security Review

May 30, 2024, 07:25 PM

The U.S. government is reportedly curbing the issuance of licenses for advanced semiconductor exports to the Middle East by Nvidia and AMD. This move is part of a national security review, amid concerns that AI chip sales could be diverted to China. Officials have slowed the issuance of licenses to chipmakers, focusing on large-scale AI accelerator shipments. The decision has impacted companies like Nvidia and AMD, with their stocks reacting to the news.