U.S. Chip Restrictions Fail

This is a U.S. news story, published by CNBC, that relates primarily to Ray Wang news.

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Technology

Nvidia’s Jensen Huang thinks U.S. chip curbs failed — and he’s not alone

Summary

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82% Informative

U.S. chip restrictions on sale of advanced semiconductor technology, especially those used in artificial intelligence, have been rolled out over several years .

Aim of curbing China 's military advancement and protecting US dominance in the AI industry.

But loopholes and existing semiconductor stockpiles in China have complicated these aims, says Ray Wang .

"While [the U.S. government] is certainly right to prevent U.S. companies from selling advanced AI technology to the Chinese military, cutting U.S. companies off from the entire commercial Chinese market is a cure worse than the disease," Stephen Ezell of ITIF told CNBC in an email. " U.S. export controls have cost NVIDIA at least $15 billion in sales, and those are revenues the company needs to be able to earn to invest in future generations of innovation.".