financetom
Business
financetom
/
Business
/
US mulls new curbs on China's access to AI memory chips, Bloomberg News says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US mulls new curbs on China's access to AI memory chips, Bloomberg News says
Jul 31, 2024 11:29 AM

(Reuters) -The U.S. is considering unilateral restrictions on China's access to AI memory chips such as those made by Micron Technology ( MU ) and South Korea's SK Hynix ( HXSCF ) and equipment capable of making such semiconductors, as soon as next month, Bloomberg News reported on Wednesday.

The measures are meant to prevent Micron, SK Hynix ( HXSCF ) and Samsung from suppling Chinese firms with high bandwidth memory (HBM) chips that are essential in helping run complex generative artificial intelligence programs, the report said, citing people familiar with the matter.

The companies and the U.S. Department of Commerce did not immediately respond to Reuters requests for comment.

If enacted, the new rule would capture HBM2 and more advanced chips including HBM3 and HBM3E, as well as the tools required to make them, the report said, adding that no final decision on the restrictions has been made.

HBM chips are needed to run AI semiconductors such as those sold by market leader Nvidia and aspiring competitor AMD.

Micron will be largely unaffected as the chipmaker has held back from exporting its HBM products to China after Beijing banned its memory chips from critical infrastructure in 2023, the report said.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Devika Syamnath)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Merrill Lynch, Harvest Volatility Management to pay $9.3 mln to settle SEC charges
Merrill Lynch, Harvest Volatility Management to pay $9.3 mln to settle SEC charges
Oct 3, 2024
Sept 25 (Reuters) - Merrill Lynch, Pierce, Fenner & Smith Inc. and Harvest Volatility Management LLC have agreed to pay a combined $9.3 million to settle U.S. Securities and Exchange Commission charges related to investment limits and fees. According to the SEC, the firms exceeded clients' investment limits over a two-year period beginning in March 2016. Regulators said this led...
Big Tree Cloud Regains Nasdaq Listing Compliance; Shares Rise 6.5%
Big Tree Cloud Regains Nasdaq Listing Compliance; Shares Rise 6.5%
Oct 3, 2024
09:28 AM EDT, 09/25/2024 (MT Newswires) -- Big Tree Cloud Holdings ( DSY ) said Wednesday that it has regained compliance with Nasdaq Global Market's minimum market value requirement. The China-based personal care products company said its shares will continue to be listed on the exchange. On Aug.5, Big Tree Cloud ( DSY ) said it was notified by Nasdaq...
Why Oklo Stock Is Trading Higher Today
Why Oklo Stock Is Trading Higher Today
Oct 3, 2024
Oklo Inc ( OKLO ) shares are trading higher Wednesday after the company finalized an agreement with the U.S. Department of Energy (DOE) allowing the company to conduct site investigations. What Happened: Oklo ( OKLO ) announced the finalization of a Memorandum of Agreement (MOA) with the DOE’s Idaho Operations Office. The MOA will give the company access to its preferred...
US lawmakers seek to pay livestock farmers to use climate-friendlier practices
US lawmakers seek to pay livestock farmers to use climate-friendlier practices
Oct 3, 2024
(Reuters) - Farmers in the United States who raise livestock in large industrial operations could get funding from President Joe Biden's signature climate law to transition to more environmentally friendly practices under bills introduced in the House and Senate on Wednesday. WHY IT'S IMPORTANT Agriculture accounts for about 10% of U.S. greenhouse gas emissions, mostly from livestock production and fertilizer...
Copyright 2023-2026 - www.financetom.com All Rights Reserved