• AutoTL;DR@lemmings.worldB
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    1 year ago

    This is the best summary I could come up with:


    Aug 31 (Reuters) - The Biden administration “has not blocked chip sales to the Middle East,” a U.S. Department of Commerce spokesperson said on Thursday, after disclosures that Washington had expanded export license requirements for Nvidia (NVDA.O) and Advanced Micro Devices (AMD.O) artificial-intelligence chips.

    A person familiar with the matter confirmed on Wednesday that AMD is affected by the change.

    The Commerce Department declined to comment on whether it had imposed new requirements on specific U.S. companies.

    The new rules would require Nvidia to seek licenses before selling its flagship chips to some Middle Eastern countries, the filing said.

    A similar move announced last year signaled an escalation of the U.S. crackdown on China’s technological capabilities, but it was not immediately clear what risks were posed by exports to the Middle East.

    Many of the U.S. curbs on technology exports to China amount to a blanket denial of all licenses.


    The original article contains 204 words, the summary contains 150 words. Saved 26%. I’m a bot and I’m open source!