President Joe Biden’s Commerce Department has blocked American chipmaker Nvidia from sending billions of dollars worth of key artificial intelligence (AI) chips ordered by top Chinese tech giants, the Wall Street Journal reported on Tuesday.
Nvidia was set to deliver over $5 billion in chips from Chinese orders, but the Biden administration is blocking them due to new chip restrictions, according to the WSJ. Nvidia was working on sending the chips before the restrictions took effect but the company received a letter notifying it that the sanctions would take effect immediately instead of one month after their announcement on Oct. 17, as originally scheduled, individuals with knowledge of the situation told the WSJ.
Read More