Chip Stocks Tumble As Biden Reportedly Plans Final Round Of Export Curbs: Retail Divided
Broadcom Inc. (AVGO), and Advanced Micro Devices Inc. (AMD) slumped on Friday following a Bloomberg report that President Joe Biden’s administration plans to introduce one final round of sweeping chip export restrictions before the end of his term.
Biden administration planning new AI chip export limits that would hit Nvidia, report says
The White House is finalizing additional restrictions on the export of artificial intelligence microchips that would hit companies including Nvidia and Advanced Micro Devices, according to a report.
China Flexes Lithium Dominance With Plans for Tech-Export Curbs
China plans to tighten export restrictions on certain technology used to make battery components and the processing of two crucial metals amid rising trade tensions globally.
Nvidia criticizes reported Biden plan for AI chip export curbs
Nvidia on Thursday criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports, saying that the outgoing U.S. leader should not "preempt incoming President Trump" by enacting a last-minute policy.
Biden administration to curb exports of AI chips, Bloomberg reports
The Biden administration intends to implement one more round of export restrictions on AI chip exports from companies like Nvidia (NVDA) and
Biden to Impose More Limits on Nvidia AI Chip Exports, Report Says
KEY TAKEAWAYS In its last days in the White House, the Biden administration reportedly is planning new regulations that could be announced as soon as Friday to further limit the export of artificial intelligence (AI) chips by companies like Nvidia.
China proposes fresh export curbs on EV technology
Beijing is planning to curb the export of technology used to extract minerals critical for the growth of the global electric ...
China's export ban to push antimony prices to new highs
Antimony prices are likely to hit record levels as consumers seek alternative supplies following China's latest export ban ...
The Citizen6h
Rwanda scraps export licence in reforms
The reforms also include a shift in the handling of import permits, which will now only be issued for high-risk products.
Export-Import Bank launches initiative to counter China’s mineral dominance
The federal government is launching an initiative to support foreign minerals projects that exclude China as part of an ...
U.S. grain futures pressured as export sales fall below forecasts
U.S. grain futures fell after export sales of soybeans and wheat reported by the Department of Agriculture came in below ...
Arise9h
CBN Halts Approvals for Export Proceeds Repatriation Extensions
The Central Bank of Nigeria (CBN) announced the immediate suspension of approvals for extensions on the repatriation of export proceeds, marking a significant step to enforce compliance with the ...
Daily Monitor3h
Rwanda scraps export licences to boost SME growth
The reforms also include a shift in the handling of import permits, which will now only be issued for high-risk products.
China proposes further export curbs on battery, critical minerals tech
China's commerce ministry has proposed export restrictions on some technology used to make battery components and process ...
Daily Courier16h
U.S. Marshals arrest murder suspect in Connellsville
Connellsville police on Thursday assisted in the apprehension of a murder suspect located in the city. U.S. Marshal Stephen ...