AMD says U.S. told it to stop shipping top AI chip to China

Indicators of AMD are seen on the China Digital Leisure Expo and Convention, also referred to as ChinaJoy, in Shanghai, China July 30, 2021.REUTERS/Aly Music

Aug 31 (Reuters) – Superior Micro Units Inc (AMD.O) on Wednesday mentioned U.S. officers have instructed it to cease exporting its high synthetic intelligence chip to China, in response to a spokesman.

The corporate mentioned new license necessities forestall cargo of its MI250 chips to China however it believes its MI100 chips aren’t affected by the brand new requirement. The corporate mentioned it doesn’t consider the brand new guidelines could have a cloth affect on its enterprise.

AMD shares had been down 2% in after-hours buying and selling after rival Nvidia mentioned (NVDA.O) the brand new guidelines may price it as much as $400 million is gross sales. learn extra

Reporting by Stephen Nellis in San Francisco
Modifying by Chris Reese

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