U.S. Treasury Secretary, Commerce Secretary And National Security Advisor Told China Update Of Oct 2022 Rules On Chips, Chip Tools Would Impact Export; Rules Restricting Semiconductors And Chipmaking Equipment To China And Other Countries Updated Annually
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary, Commerce Secretary, and National Security Advisor have informed China that the October 2022 update of rules on chips and chip tools will impact exports. These rules, updated annually, restrict semiconductors and chipmaking equipment to China and other countries.
October 17, 2023 | 12:52 pm
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NEGATIVE IMPACT
AMD, a semiconductor company, may be impacted by the updated rules restricting chip exports to China.
As a major player in the semiconductor industry, AMD's business could be negatively affected by these updated rules, which restrict chip exports to China, a significant market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Intel Corporation may face challenges due to the updated rules on chip exports to China.
Intel, as a leading semiconductor manufacturer, could be negatively impacted by these updated rules, which limit chip exports to China, a key market for the company.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NVIDIA Corporation may be affected by the updated rules on chip exports to China.
NVIDIA, a prominent player in the semiconductor industry, could be negatively impacted by these updated rules, which restrict chip exports to China, a significant market for the company.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80