Technology

U.S. denies blocking chip sales to Middle East

The Biden administration “has not blocked chip sales to the Middle East,” a U.S. Department of Commerce spokesperson said on Thursday, after disclosures that Washington had expanded export license requirements for Nvidia and Advanced Micro Devices artificial-intelligence chips.

Nvidia revealed the new rules in a regulatory filing earlier this week. A person familiar with the matter confirmed on Wednesday that AMD is affected by the change.

The Commerce Department declined to comment on whether it had imposed new requirements on specific U.S. companies. Neither Nvidia nor AMD immediately returned requests for comment on Thursday.

The new rules would require Nvidia to seek licenses before selling its flagship chips to some Middle Eastern countries, the filing said. Neither Nvidia nor AMD have disclosed whether they have applied for such licenses and whether they have been approved or denied.

U.S. officials usually impose export controls for national security reasons. A similar move announced last year signaled an escalation of the U.S. crackdown on China’s technological capabilities, but it was not immediately clear what risks were posed by exports to the Middle East.

Many of the U.S. curbs on technology exports to China amount to a blanket denial of all licenses.

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

71% of surveyed emerging-market firms use AI. How deeply are they adopting it?

Last year, we surveyed firms in emerging markets backed by private equity (PE) and venture…

1 day ago

Rising debt, shrinking buffers: The fiscal challenge facing commodity exporters

For commodity-exporting emerging market and developing economies (EMDEs), recent years have delivered something more unsettling…

1 day ago

Financing the AI boom: Winners and losers in corporate bond markets

The expansion of artificial intelligence has triggered a surge of investment and rising equity values…

1 day ago

Connecting payment systems, linking economies

Several countries are working to interlink their domestic fast payment systems in order to reduce…

1 day ago

At risk or responsive: Rethinking unemployment policy

Public services increasingly use predictive algorithms to direct scarce support towards those most at risk.…

1 day ago

Why downturns can make innovation greener

Green innovation is central for the transition to a low-carbon economy, but there are concerns…

1 day ago