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Will Samsung's stock price drop more than 10% by September 30, 2024, due to new US restrictions on China's access to AI memory chips?
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US Considers Unilateral Restrictions on China's Access to AI Memory Chips Next Month
Jul 31, 2024, 05:45 PM
The US is considering implementing new unilateral restrictions on China's access to AI memory chips and related equipment, Reuters reports. These measures, which could be introduced as soon as next month, aim to curb China's technological advancements in artificial intelligence. Companies that could be affected by these restrictions include SK Hynix, Samsung, Micron, Nvidia, AMD, Intel, and Qualcomm. The potential export controls are part of a broader effort to limit China's capabilities in producing advanced semiconductors, including HBM2 chips.
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