Official announcements from the U.S. Department of Commerce or related government bodies

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.