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US Commerce Department closes loophole on Nvidia chip exports to China New BIS guidance means Chinese-headquartered companies can no longer use overseas subsidiaries to buy advanced AI chips without e

The US Commerce Department has closed a loophole that may have allowed hundreds of thousands of advanced Nvidia and AMD AI chips to reach Chinese firms via overseas subsidiaries over the past year. Summary: The US Commerce Department issued guidance on Sunday enforcing licence requirements for advanced AI chips sold to entities headquartered in China, even when those entities are located outside