08:50 AM EDT, 07/15/2025 (MT Newswires) -- (Update with AMD's confirmation and latest stock move in the last paragraph.)

Advanced Micro Devices ( AMD ) is planning to restart shipments of its MI308 chips to China as licenses to export those products are approved, a company spokesperson confirmed to MT Newswires Tuesday.

"We were recently informed by the Department of Commerce that license applications to export MI308 products to China will be moving forward for review," the spokesperson said via email. "We plan to resume shipments as licenses are approved."

Shares of the company were up more than 5% in recent premarket activity Tuesday.