US Adds 50 Chinese Entities To Export Restriction List Curtailing Access To Nvidia, AMD Chips

The Trump Administration announced on Tuesday that it has added more than 50 Chinese organizations to an export restriction list in an effort to hamper the development of China’s advanced AI, semiconductors and supercomputing capabilities.  

The Details: The U.S. Bureau of Industry and Security added more than 50 entities based in China to the Commerce Department’s Entity List, prohibiting exports to those organizations without an approved permit. 

The move aims to curb China's military modernization and hypersonic weapons development by restricting access to U.S. technology, including advanced semiconductors made by Nvidia Corp. (NASDAQ:NVDA) and Advanced Micro Devices, Inc. (NASDAQ:AMD). 

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"We will not allow adversaries to exploit American technology to bolster ...