US Chip Export Ban 'Great News,' Says Partner At Chinese Tech Investment Fund Who Foresees Boost For Domestic Ecosystem
Portfolio Pulse from Benzinga Neuro
Chloe Wang, partner at the Guangzhou-based Yang Cheng Fund, supports the US government's ban on certain advanced chip exports to China, including Nvidia's A800 and H800 chips. The ban was imposed due to concerns that the chips could be used for military development. Wang's fund invests in semiconductor companies and she believes the ban will boost the domestic ecosystem and reduce reliance on Nvidia's AI software. The US Commerce Secretary, Gina Raimondo, stated that the ban aims to prevent China's access to advanced semiconductors for potential military use, not to impair Chinese economic growth.
October 23, 2023 | 9:52 am
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The US government's ban on certain advanced chip exports to China, including Nvidia's A800 and H800 chips, could potentially reduce the company's market in China. However, it could also spur growth in other markets as China seeks alternatives.
The ban on Nvidia's advanced chip exports to China could potentially reduce the company's sales in the Chinese market. However, this could also create opportunities for Nvidia in other markets as China seeks alternatives to these chips. The overall impact on Nvidia's stock price is likely to be negative in the short term due to the potential loss of sales in China.
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