Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
South Korean Stocks Tumble as AI Chip Selloff Hits Asian Markets 
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds 
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust 
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
Nvidia software company and Advanced Micro Devices Semiconductor (AMD) company are two of the leading chipmakers in the United States. It was reported that they had been recently ordered by officials to stop the sale of their technologies and other products to China.
According to CNN Business, Nvidia and AMD are being stopped from exporting their products to Chinese customers. The companies said that they were told by the US government to halt the sales of high-performance chips that can be used for artificial intelligence projects and developments.
In its recent regulatory filing, Nvidia Corporation revealed that officials are banning the export to China due to a potential risk of the chips being supplied or used by military users. It was added that the restrictions are applicable to Nvidia's A100 chip and the upcoming H100 integrated circuits.
All the systems that have these products are also covered by the ban, and the order is effective immediately. The Santa Clara, California headquartered software firm said that the order threatens to nullify some $400 million worth of deals in China. This means the new requirement will affect the company’s potential sales in the country.
Nvidia told CNN Business in a statement that it is working with Chinese customers to satisfy their future purchases by delivering alternative products. It may also secure licenses where replacements are not sufficient.
On the other hand, AMD told the publication that the new order from the US Department of Commerce will surely hit the shipments of its MI250 integrated circuits to China. It was added that the new instruction given to US chipmakers also covers a restriction in exports to Russia although both Nvidia and AMD said they are not selling any products to the Russians at this time.
"At this time, we do not believe that shipments of MI100 integrated circuits are impacted by the new requirements," AMD said. "We do not currently believe it is a material impact on our business."
Meanwhile, CNBC reported that in the latest update, Nvidia said on Thursday, Sept. 1, that although there is an export ban for certain chips, the U.S. government is allowing it to continue working on the development of its H100 artificial intelligence chip in China.
