U.S. President Biden Administration Warned Beijing To Expect Updated Rules Curbing Shipments Of AI Chips And Chipmaking Tools To China As Soon As Early October
Portfolio Pulse from Benzinga Newsdesk
The Biden administration has warned Beijing to expect updated rules that will curb shipments of AI chips and chipmaking tools to China as early as October, according to a U.S. official cited by Reuters.
October 02, 2023 | 6:02 pm
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) could be negatively impacted by the updated rules as they may affect the performance of large Chinese companies involved in AI and chipmaking.
The updated rules could potentially disrupt the supply chain of large Chinese companies involved in AI and chipmaking, which could negatively affect their performance. As FXI tracks the performance of these companies, it could also be negatively impacted.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could potentially be impacted by the updated rules as they may affect U.S. companies involved in the production and shipment of AI chips and chipmaking tools.
The updated rules could potentially disrupt the operations of U.S. companies involved in the production and shipment of AI chips and chipmaking tools. As SPY tracks the performance of these companies, it could also be impacted.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60