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US Reportedly Plans to Restrict CN Firms' Remote Access to AI Chips; BABA-W Deepens PM Losses
2026-11-12 15:06:25 The US will prohibit Chinese companies from remotely accessing advanced AI chips through data centers located in other countries, The Information, citing sources familiar with the matter, reported. The new rules could be announced as early as this month. The Bureau of Industry and Security under the US Department of Commerce will expand chip controls, with seven additional countries subject to restrictions, including Malaysia, Singapore and Thailand. The US Commerce Department is currently seeking opinions from other government agencies before finalizing the rules. BABA-W (09988.HK) deepened its afternoon losses and last plunged 7% at HKD93.55. TENCENT (00700.HK) fell 1.66% to HKD402.8. Z.AI (02513.HK) and MINIMAX-W (00100.HK) nosedived 9% and 7.3%, respectively. ~ AASTOCKS Financial News Website: www.aastocks.com | |