By Stephen Nellis and Max A. Cherney
October 18, 2023 – 7:09 AM UTC
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SAN FRANCISCO (Reuters) – While stripping China’s access to key U.S. artificial intelligence chips, the Biden administration’s sweeping new rules also quietly threw Nvidia (NVDA.O), Intel (INTC.O) and Advanced Micro Devices (AMD) (AMD.O) a potential lifeline to preserve lucrative business in one of the world’s biggest chip markets.
Buried deep in more than 400 pages of rules issued on Tuesday, officials at the U.S. Bureau of Industry and Security (BIS) said they are open to the semiconductor industry’s input for finding ways to keep sending AI chips to China for small and medium-sized systems.
The rules were designed to curtail China’s ability to exploit American chips to build massive supercomputers that can be used to create technologies similar to OpenAI’s ChatGPT…
