US Commerce Secretary to Crack down on Nvidia AI Chips Redesigned to Get Around Trade Curbs

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US Commerce Secretary to Crack down on Nvidia AI Chips Redesigned to Get Around Trade Curbs

Fox Business2023-12-05

Secretary of Commerce Gina Raimondo put companies like Nvidia that manufacture artificial intelligence (AI) chips on notice that the agency will move to quickly crack down on redesigned chips intended...

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jluxe8181
·2023-12-05
USA is just a racist country that cannot stand the Chinese being better than them. poor little beings.
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Asia Sharkie
·2023-12-05
well. we would thank US to do that. cause we welcome Nvidia to come and make their chips in Singapore and we are good to make money with China. We always welcome talents in this countries and boosting south east asia economy. using the same words : that's life
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- JessieTheresa:
  Our economy is vibrant and has great potential, it won't let them down :)
  2023-12-06
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- DouglasMalan:
  Yes, I agree with you. Welcome
  2023-12-06
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Export controls require companies to obtain a license from federal agencies to sell covered products overseas, effectively giving the government a veto over the transaction.To retain access to lucrative overseas markets affected by the export controls, chipmakers have redesigned modified versions of those chips to make them compliant with the regulations — which has prompted a game of cat-and-mouse as the agency imposes new curbs in response to the reworked chips.\"We cannot let China get these chips. Period. We’re going to deny them our most cutting-edge technology,\" Raimondo said Saturday at the Reagan National Defense Forum in California. Secretary of Commerce Gina Raimondo said that AI chipmakers that redesign AI chips to get around export controls will see the reworked chips subjected to those controls as well.\"I know there are CEOs of chip companies in this audience who were a little cranky with me when I did that because you’re losing revenue,\" Raimondo explained. \"Such is life. Protecting our national security matters more than short-term revenue.\"\"If you redesign a chip around a particular cut line that enables them to do AI, I’m going to control it the very next day,\" she added.A spokesperson for Nvidia told FOX Business, \"We are engaged with the U.S. government and, following the government’s clear guidelines, are working to offer compliant data center solutions to customers worldwide.\"The Commerce Department did not immediately respond to a request for comment. Nvidia CFO Colette Kress said on a November 2023 earnings call that about one-fourth of the revenue from the company's data center segment comes from countries subject to export controls.The Biden administration issued a broad set of export controls broadly aimed at restricting China’s access to the most advanced AI chips that can serve dual-use purposes in October 2022. The administration expanded on those restrictions this fall with another round of export controls.Nvidia has sold its A800 and H800 AI chips in the Chinese market as recently as this summer, which are modified versions of more powerful products like the A100 and H100 in its portfolio that have been subject to export controls. The A800 and H800 chips, as well as Nvidia’s L40S chips, were added to the export control list in mid-October 2023, which Nvidia said came about when the Commerce Dept. sped up the restrictions’ implementation.China is locked in a race with the U.S. to achieve technological supremacy in the AI space and needs high-end AI chips from U.S. companies to achieve that.China isn’t the only country the U.S. has imposed export controls on that cover AI chips. The Biden administration has also extended those restrictions to Vietnam and several countries in the Middle East, which Nvidia noted includes but isn’t limited to Saudi Arabia and the United Arab Emirates, while Israel is excluded from the export controls.During an earnings call last month, Nvidia chief financial officer Colette Kress indicated the company plans to produce products that comply with export controls in the months ahead.She noted that about one-fourth of the company’s sales in its data center segment, which generated $14.5 billion in revenue in Q3 of its fiscal year 2024, come from countries covered by the export controls.\"We expect that our sales to these destinations will decline significantly in the fourth quarter of fiscal 2024, though we believe the decline will be more than offset by strong growth in other regions,\" she added.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":248842774896720,"gmtCreate":1701784757413,"gmtModify":1701786651805,"author":{"id":"3584770030351627","authorId":"3584770030351627","name":"jluxe8181","avatar":"https://community-static.tradeup.com/news/21395e77bcc4e4bb3ebe01bf7098c9e9","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":8,"crmLevelSwitch":1,"idStr":"3584770030351627","authorIdStr":"3584770030351627"},"htmlText":"USA is just a racist country that cannot stand the Chinese being better than them. poor little beings.","listText":"USA is just a racist country that cannot stand the Chinese being better than them. poor little beings.","text":"USA is just a racist country that cannot stand the Chinese being better than them. poor little beings.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248842774896720","repostId":2389379815,"repostType":2,"repost":{"id":"2389379815","kind":"highlight","pubTimestamp":1701758409,"share":"https://ttm.financial/m/news/2389379815?lang=&edition=fundamental","pubTime":"2023-12-05 14:40","market":"us","language":"en","title":"US Commerce Secretary to Crack down on Nvidia AI Chips Redesigned to Get Around Trade Curbs","url":"https://stock-news.laohu8.com/highlight/detail?id=2389379815","media":"Fox Business","summary":"Secretary of Commerce Gina Raimondo put companies like Nvidia that manufacture artificial intelligence (AI) chips on notice that the agency will move to quickly crack down on redesigned chips intended","content":"<html><head></head><body><p>Secretary of Commerce Gina Raimondo put companies like Nvidia that manufacture artificial intelligence (AI) chips on notice that the agency will move to quickly crack down on redesigned chips intended to get around export controls that apply to adversarial countries like China.</p><p>The Commerce Department has put in place export controls designed to restrict the most advanced AI chips from being sold to countries like China where they could serve a dual-use purpose, aiding the country’s military modernization while also boosting its economic and technological competitiveness. Export controls require companies to obtain a license from federal agencies to sell covered products overseas, effectively giving the government a veto over the transaction.</p><p>To retain access to lucrative overseas markets affected by the export controls, chipmakers have redesigned modified versions of those chips to make them compliant with the regulations — which has prompted a game of cat-and-mouse as the agency imposes new curbs in response to the reworked chips.</p><p>&#34;We cannot let China get these chips. Period. We’re going to deny them our most cutting-edge technology,&#34; Raimondo said Saturday at the Reagan National Defense Forum in California.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/42493cb9c07fa2f0fa77256a04be7d4b\" tg-width=\"1280\" tg-height=\"720\"/></p><p> Secretary of Commerce Gina Raimondo said that AI chipmakers that redesign AI chips to get around export controls will see the reworked chips subjected to those controls as well.</p><p>&#34;I know there are CEOs of chip companies in this audience who were a little cranky with me when I did that because you’re losing revenue,&#34; Raimondo explained. &#34;Such is life. Protecting our national security matters more than short-term revenue.&#34;</p><p>&#34;If you redesign a chip around a particular cut line that enables them to do AI, I’m going to control it the very next day,&#34; she added.</p><p>A spokesperson for Nvidia told FOX Business, &#34;We are engaged with the U.S. government and, following the government’s clear guidelines, are working to offer compliant data center solutions to customers worldwide.&#34;</p><p>The Commerce Department did not immediately respond to a request for comment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/47117846bd721f58dd9e679d6d85157b\" tg-width=\"1280\" tg-height=\"720\"/></p><p> Nvidia CFO Colette Kress said on a November 2023 earnings call that about one-fourth of the revenue from the company&#39;s data center segment comes from countries subject to export controls.</p><p>The Biden administration issued a broad set of export controls broadly aimed at restricting China’s access to the most advanced AI chips that can serve dual-use purposes in October 2022. The administration expanded on those restrictions this fall with another round of export controls.</p><p>Nvidia has sold its A800 and H800 AI chips in the Chinese market as recently as this summer, which are modified versions of more powerful products like the A100 and H100 in its portfolio that have been subject to export controls. The A800 and H800 chips, as well as Nvidia’s L40S chips, were added to the export control list in mid-October 2023, which Nvidia said came about when the Commerce Dept. sped up the restrictions’ implementation.</p><p>China is locked in a race with the U.S. to achieve technological supremacy in the AI space and needs high-end AI chips from U.S. companies to achieve that.</p><p>China isn’t the only country the U.S. has imposed export controls on that cover AI chips. The Biden administration has also extended those restrictions to Vietnam and several countries in the Middle East, which Nvidia noted includes but isn’t limited to Saudi Arabia and the United Arab Emirates, while Israel is excluded from the export controls.</p><p>During an earnings call last month, Nvidia chief financial officer Colette Kress indicated the company plans to produce products that comply with export controls in the months ahead.</p><p>She noted that about one-fourth of the company’s sales in its data center segment, which generated $14.5 billion in revenue in Q3 of its fiscal year 2024, come from countries covered by the export controls.</p><p>&#34;We expect that our sales to these destinations will decline significantly in the fourth quarter of fiscal 2024, though we believe the decline will be more than offset by strong growth in other regions,&#34; she added.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Commerce Secretary to Crack down on Nvidia AI Chips Redesigned to Get Around Trade Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-05 14:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/commerce-secretary-crack-down-nvidia-234417503.html><strong>Fox Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Secretary of Commerce Gina Raimondo put companies like Nvidia that manufacture artificial intelligence (AI) chips on notice that the agency will move to quickly crack down on redesigned chips intended...</p>\n\n<a href=\"https://finance.yahoo.com/news/commerce-secretary-crack-down-nvidia-234417503.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4587":"ChatGPT概念","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4543":"AI","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","BK4527":"明星科技股","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4579":"人工智能","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","BK4550":"红杉资本持仓","BK4588":"碎股","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4141":"半导体产品","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","BK4581":"高盛持仓","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","NVDA":"英伟达","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","BK4529":"IDC概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0080751232.USD":"富达环球多元动力基金A","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4592":"伊斯兰概念","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0109392836.USD":"富兰克林科技股A","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC"},"source_url":"https://finance.yahoo.com/news/commerce-secretary-crack-down-nvidia-234417503.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2389379815","content_text":"Secretary of Commerce Gina Raimondo put companies like Nvidia that manufacture artificial intelligence (AI) chips on notice that the agency will move to quickly crack down on redesigned chips intended to get around export controls that apply to adversarial countries like China.The Commerce Department has put in place export controls designed to restrict the most advanced AI chips from being sold to countries like China where they could serve a dual-use purpose, aiding the country’s military modernization while also boosting its economic and technological competitiveness. Export controls require companies to obtain a license from federal agencies to sell covered products overseas, effectively giving the government a veto over the transaction.To retain access to lucrative overseas markets affected by the export controls, chipmakers have redesigned modified versions of those chips to make them compliant with the regulations — which has prompted a game of cat-and-mouse as the agency imposes new curbs in response to the reworked chips.\"We cannot let China get these chips. Period. We’re going to deny them our most cutting-edge technology,\" Raimondo said Saturday at the Reagan National Defense Forum in California. Secretary of Commerce Gina Raimondo said that AI chipmakers that redesign AI chips to get around export controls will see the reworked chips subjected to those controls as well.\"I know there are CEOs of chip companies in this audience who were a little cranky with me when I did that because you’re losing revenue,\" Raimondo explained. \"Such is life. Protecting our national security matters more than short-term revenue.\"\"If you redesign a chip around a particular cut line that enables them to do AI, I’m going to control it the very next day,\" she added.A spokesperson for Nvidia told FOX Business, \"We are engaged with the U.S. government and, following the government’s clear guidelines, are working to offer compliant data center solutions to customers worldwide.\"The Commerce Department did not immediately respond to a request for comment. Nvidia CFO Colette Kress said on a November 2023 earnings call that about one-fourth of the revenue from the company's data center segment comes from countries subject to export controls.The Biden administration issued a broad set of export controls broadly aimed at restricting China’s access to the most advanced AI chips that can serve dual-use purposes in October 2022. The administration expanded on those restrictions this fall with another round of export controls.Nvidia has sold its A800 and H800 AI chips in the Chinese market as recently as this summer, which are modified versions of more powerful products like the A100 and H100 in its portfolio that have been subject to export controls. The A800 and H800 chips, as well as Nvidia’s L40S chips, were added to the export control list in mid-October 2023, which Nvidia said came about when the Commerce Dept. sped up the restrictions’ implementation.China is locked in a race with the U.S. to achieve technological supremacy in the AI space and needs high-end AI chips from U.S. companies to achieve that.China isn’t the only country the U.S. has imposed export controls on that cover AI chips. The Biden administration has also extended those restrictions to Vietnam and several countries in the Middle East, which Nvidia noted includes but isn’t limited to Saudi Arabia and the United Arab Emirates, while Israel is excluded from the export controls.During an earnings call last month, Nvidia chief financial officer Colette Kress indicated the company plans to produce products that comply with export controls in the months ahead.She noted that about one-fourth of the company’s sales in its data center segment, which generated $14.5 billion in revenue in Q3 of its fiscal year 2024, come from countries covered by the export controls.\"We expect that our sales to these destinations will decline significantly in the fourth quarter of fiscal 2024, though we believe the decline will be more than offset by strong growth in other regions,\" she added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":248828455825624,"gmtCreate":1701781205352,"gmtModify":1701782717470,"author":{"id":"4163470310294252","authorId":"4163470310294252","name":"Asia Sharkie","avatar":"https://community-static.tradeup.com/news/c5da84e9761a72d51f331aa6df7c4e1b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4163470310294252","authorIdStr":"4163470310294252"},"htmlText":"well. we would thank US to do that. cause we welcome Nvidia to come and make their chips in Singapore and we are good to make money with China. We always welcome talents in this countries and boosting south east asia economy. using the same words : that's life&nbsp;","listText":"well. we would thank US to do that. cause we welcome Nvidia to come and make their chips in Singapore and we are good to make money with China. We always welcome talents in this countries and boosting south east asia economy. using the same words : that's life&nbsp;","text":"well. we would thank US to do that. cause we welcome Nvidia to come and make their chips in Singapore and we are good to make money with China. We always welcome talents in this countries and boosting south east asia economy. using the same words : that's life","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/248828455825624","repostId":2389379815,"repostType":2,"repost":{"id":"2389379815","kind":"highlight","pubTimestamp":1701758409,"share":"https://ttm.financial/m/news/2389379815?lang=&edition=fundamental","pubTime":"2023-12-05 14:40","market":"us","language":"en","title":"US Commerce Secretary to Crack down on Nvidia AI Chips Redesigned to Get Around Trade Curbs","url":"https://stock-news.laohu8.com/highlight/detail?id=2389379815","media":"Fox Business","summary":"Secretary of Commerce Gina Raimondo put companies like Nvidia that manufacture artificial intelligence (AI) chips on notice that the agency will move to quickly crack down on redesigned chips intended","content":"<html><head></head><body><p>Secretary of Commerce Gina Raimondo put companies like Nvidia that manufacture artificial intelligence (AI) chips on notice that the agency will move to quickly crack down on redesigned chips intended to get around export controls that apply to adversarial countries like China.</p><p>The Commerce Department has put in place export controls designed to restrict the most advanced AI chips from being sold to countries like China where they could serve a dual-use purpose, aiding the country’s military modernization while also boosting its economic and technological competitiveness. Export controls require companies to obtain a license from federal agencies to sell covered products overseas, effectively giving the government a veto over the transaction.</p><p>To retain access to lucrative overseas markets affected by the export controls, chipmakers have redesigned modified versions of those chips to make them compliant with the regulations — which has prompted a game of cat-and-mouse as the agency imposes new curbs in response to the reworked chips.</p><p>&#34;We cannot let China get these chips. Period. We’re going to deny them our most cutting-edge technology,&#34; Raimondo said Saturday at the Reagan National Defense Forum in California.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/42493cb9c07fa2f0fa77256a04be7d4b\" tg-width=\"1280\" tg-height=\"720\"/></p><p> Secretary of Commerce Gina Raimondo said that AI chipmakers that redesign AI chips to get around export controls will see the reworked chips subjected to those controls as well.</p><p>&#34;I know there are CEOs of chip companies in this audience who were a little cranky with me when I did that because you’re losing revenue,&#34; Raimondo explained. &#34;Such is life. Protecting our national security matters more than short-term revenue.&#34;</p><p>&#34;If you redesign a chip around a particular cut line that enables them to do AI, I’m going to control it the very next day,&#34; she added.</p><p>A spokesperson for Nvidia told FOX Business, &#34;We are engaged with the U.S. government and, following the government’s clear guidelines, are working to offer compliant data center solutions to customers worldwide.&#34;</p><p>The Commerce Department did not immediately respond to a request for comment.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/47117846bd721f58dd9e679d6d85157b\" tg-width=\"1280\" tg-height=\"720\"/></p><p> Nvidia CFO Colette Kress said on a November 2023 earnings call that about one-fourth of the revenue from the company&#39;s data center segment comes from countries subject to export controls.</p><p>The Biden administration issued a broad set of export controls broadly aimed at restricting China’s access to the most advanced AI chips that can serve dual-use purposes in October 2022. The administration expanded on those restrictions this fall with another round of export controls.</p><p>Nvidia has sold its A800 and H800 AI chips in the Chinese market as recently as this summer, which are modified versions of more powerful products like the A100 and H100 in its portfolio that have been subject to export controls. The A800 and H800 chips, as well as Nvidia’s L40S chips, were added to the export control list in mid-October 2023, which Nvidia said came about when the Commerce Dept. sped up the restrictions’ implementation.</p><p>China is locked in a race with the U.S. to achieve technological supremacy in the AI space and needs high-end AI chips from U.S. companies to achieve that.</p><p>China isn’t the only country the U.S. has imposed export controls on that cover AI chips. The Biden administration has also extended those restrictions to Vietnam and several countries in the Middle East, which Nvidia noted includes but isn’t limited to Saudi Arabia and the United Arab Emirates, while Israel is excluded from the export controls.</p><p>During an earnings call last month, Nvidia chief financial officer Colette Kress indicated the company plans to produce products that comply with export controls in the months ahead.</p><p>She noted that about one-fourth of the company’s sales in its data center segment, which generated $14.5 billion in revenue in Q3 of its fiscal year 2024, come from countries covered by the export controls.</p><p>&#34;We expect that our sales to these destinations will decline significantly in the fourth quarter of fiscal 2024, though we believe the decline will be more than offset by strong growth in other regions,&#34; she added.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Commerce Secretary to Crack down on Nvidia AI Chips Redesigned to Get Around Trade Curbs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-05 14:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/commerce-secretary-crack-down-nvidia-234417503.html><strong>Fox Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Secretary of Commerce Gina Raimondo put companies like Nvidia that manufacture artificial intelligence (AI) chips on notice that the agency will move to quickly crack down on redesigned chips intended...</p>\n\n<a href=\"https://finance.yahoo.com/news/commerce-secretary-crack-down-nvidia-234417503.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4587":"ChatGPT概念","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","BK4543":"AI","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","BK4527":"明星科技股","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4579":"人工智能","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","BK4550":"红杉资本持仓","BK4588":"碎股","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4141":"半导体产品","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","BK4581":"高盛持仓","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","NVDA":"英伟达","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","BK4529":"IDC概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0080751232.USD":"富达环球多元动力基金A","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4592":"伊斯兰概念","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0109392836.USD":"富兰克林科技股A","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC"},"source_url":"https://finance.yahoo.com/news/commerce-secretary-crack-down-nvidia-234417503.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2389379815","content_text":"Secretary of Commerce Gina Raimondo put companies like Nvidia that manufacture artificial intelligence (AI) chips on notice that the agency will move to quickly crack down on redesigned chips intended to get around export controls that apply to adversarial countries like China.The Commerce Department has put in place export controls designed to restrict the most advanced AI chips from being sold to countries like China where they could serve a dual-use purpose, aiding the country’s military modernization while also boosting its economic and technological competitiveness. Export controls require companies to obtain a license from federal agencies to sell covered products overseas, effectively giving the government a veto over the transaction.To retain access to lucrative overseas markets affected by the export controls, chipmakers have redesigned modified versions of those chips to make them compliant with the regulations — which has prompted a game of cat-and-mouse as the agency imposes new curbs in response to the reworked chips.\"We cannot let China get these chips. Period. We’re going to deny them our most cutting-edge technology,\" Raimondo said Saturday at the Reagan National Defense Forum in California. Secretary of Commerce Gina Raimondo said that AI chipmakers that redesign AI chips to get around export controls will see the reworked chips subjected to those controls as well.\"I know there are CEOs of chip companies in this audience who were a little cranky with me when I did that because you’re losing revenue,\" Raimondo explained. \"Such is life. Protecting our national security matters more than short-term revenue.\"\"If you redesign a chip around a particular cut line that enables them to do AI, I’m going to control it the very next day,\" she added.A spokesperson for Nvidia told FOX Business, \"We are engaged with the U.S. government and, following the government’s clear guidelines, are working to offer compliant data center solutions to customers worldwide.\"The Commerce Department did not immediately respond to a request for comment. Nvidia CFO Colette Kress said on a November 2023 earnings call that about one-fourth of the revenue from the company's data center segment comes from countries subject to export controls.The Biden administration issued a broad set of export controls broadly aimed at restricting China’s access to the most advanced AI chips that can serve dual-use purposes in October 2022. The administration expanded on those restrictions this fall with another round of export controls.Nvidia has sold its A800 and H800 AI chips in the Chinese market as recently as this summer, which are modified versions of more powerful products like the A100 and H100 in its portfolio that have been subject to export controls. The A800 and H800 chips, as well as Nvidia’s L40S chips, were added to the export control list in mid-October 2023, which Nvidia said came about when the Commerce Dept. sped up the restrictions’ implementation.China is locked in a race with the U.S. to achieve technological supremacy in the AI space and needs high-end AI chips from U.S. companies to achieve that.China isn’t the only country the U.S. has imposed export controls on that cover AI chips. The Biden administration has also extended those restrictions to Vietnam and several countries in the Middle East, which Nvidia noted includes but isn’t limited to Saudi Arabia and the United Arab Emirates, while Israel is excluded from the export controls.During an earnings call last month, Nvidia chief financial officer Colette Kress indicated the company plans to produce products that comply with export controls in the months ahead.She noted that about one-fourth of the company’s sales in its data center segment, which generated $14.5 billion in revenue in Q3 of its fiscal year 2024, come from countries covered by the export controls.\"We expect that our sales to these destinations will decline significantly in the fourth quarter of fiscal 2024, though we believe the decline will be more than offset by strong growth in other regions,\" she added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":249168232628344,"gmtCreate":1701863600377,"gmtModify":1701863609047,"authorId":9000000000000538,"author":{"id":9000000000000538,"idStr":"9000000000000538","authorId":9000000000000538,"name":"JessieTheresa","avatar":"https://static.tigerbbs.com/aa7cf122cebf5a413a760f20bd5fed89","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":248828455825624,"type":1,"supId":0,"prevId":0,"content":"<p>Our economy is vibrant and has great potential, it won't let them down :)</p>","text":"<p>Our economy is vibrant and has great potential, it won't let them down :)</p>","html":"<p>Our economy is vibrant and has great potential, it won't let them down :)</p>"},{"id":249167233425480,"gmtCreate":1701863447403,"gmtModify":1701863454885,"authorId":9000000000000623,"author":{"id":9000000000000623,"idStr":"9000000000000623","authorId":9000000000000623,"name":"DouglasMalan","avatar":"https://static.tigerbbs.com/5fabe0ba0b1017b1e11a03e9d10544db","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":248828455825624,"type":1,"supId":0,"prevId":0,"content":"<p>Yes, I agree with you. Welcome</p>","text":"<p>Yes, I agree with you. Welcome</p>","html":"<p>Yes, I agree with you. Welcome</p>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}