The US Department of Commerce (DOC) has taken action to further prevent companies from exporting the most advanced chips, including NVIDIA Corporation (NVDA.US) Blackwell processors, to overseas subsidiaries of Chinese companies.The volume of chips exported to overseas subsidiaries of Chinese AI firms through loopholes may have reached as many as several hundred thousand units, Reuters reported, citing industry sources. Related News Citi Lists Latest H Shrs Buy Top Picks (Table)The Bureau of Industry and Security (BIS) under the US DOC stated that overseas subsidiaries of Chinese companies will be subject to mandatory export licensing requirements for advanced chips. BIS will continue to strictly enforce export controls to safeguard critical US technologies.(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
AASTOCKS Financial News