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China s AI Chipmaker Biren Wins $280 Million In Funding Pledge After US Sanction

China s AI Chipmaker Biren Wins $280 Million In Funding Pledge After US Sanction
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Nvidia Warns of Product Snags From Tightening US Chip Rules

(Bloomberg) Nvidia Corp. suffered its worst stock decline in more than two months after the Biden administration stepped up efforts to keep advanced chips out of China, a campaign that includes restricting the company’s sale of processors designed specifically for the Chinese market.Most Read from BloombergHospital Blast Kills Hundreds as Israel, Hamas Trade BlameBiden Sees ‘Other Team’ and Not Israel Behind Hospital BlastIsrael Latest: Biden to Visit as Oil Climbs After Hospital BlastTreasur

New rules curb chip sales to China

The Biden administration stepped up its efforts to block China s access to advanced semiconductor technology with a slew of new rules, including curbs on the sale of Nvidia Corp. chips designed specifically for the Chinese market.

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