US Tightens Curbs on China's Access to AI Memory and Chips Tools [Yahoo! Finance Canada]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Yahoo! Finance Canada
for chips and AI, escalating a campaign to contain Beijing's technological ambitions. Most Read from Bloomberg The Department of Commerce slapped additional curbs on the sale of high-bandwidth memory and chipmaking gear, including that produced by US firms at foreign facilities. It also blacklisted 140 more Chinese entities that it accused of acting on Beijing's behalf, though it didn't name them in an initial statement. The long-in-development rules likely fell short of earlier proposals, Bloomberg News reported last week. That led to a widespread rally among semiconductor supply chain players from Tokyo Electron Ltd. in Asia to ASML Holding NV in Europe. The administration's goal, building on years of evolving trade restrictions, is to slow China's domestic development of advanced semiconductors and artificial intelligence systems that may help its military. The new sanctions and Entity List additions will be full detailed later on Monday, according to a US official. The US
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- 10/9/24 - Sanford C. Bernstein