US expands export blacklist to keep computing tech out of China [Verge, The]
NVIDIA Corporation (NVDA)
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Source: Verge, The
The US has added 80 organizations and companies to a trading export blacklist in an effort to prevent China from acquiring computing technology for military purposes. The new restrictions announced by the US Department of Commerce's Bureau of Industry and Security (BIS) are the latest attempt to block foreign access to cutting-edge American chips, despite prior objections from Nvidia and semiconductor industry groups More than 50 of the new entities added to the list are based in China, with others located in Iran, Taiwan, Pakistan, South Africa, and the United Arab Emirates. BIS says the restrictions have been applied to entities that acted “contrary to US national security and foreign policy,” and are intended to hinder China's ability to develop high-performance computing capabilities, quantum technologies, advanced artificial intelligence, and hypersonic weapons. “American technology should never be used against the American people,” said Jeffrey Kessler, Under Secretary of C
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