Micron Technology: Micron said it has reached a global settlement agreement with Fujian Jinhua Integrated Circuit Co. “The two companies will each globally dismiss their complaints against the other party and end all lawsuits between them,” a Micron spokeswoman said in an email, declining to provide further details.
The arrival of ChatGPT - and a barrage of AL models from US-based tech giants later like Bard, Gemini and LLaMA - forced Chinese tech companies to develop their own large language models (LLMs) but they are lagging behind.
The Biden administration in October said it plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others, as part of measures to try to stop Beijing from receiving U.S. technologies to strengthen its military.
Chinese e-commerce giant Alibaba said on Thursday it would cancel the spinoff of its Cloud Intelligence arm in light of "the recent expansion of US restrictions on export of advanced computing chips".