United States: SEC Adopts Rules For Shorter Deadlines And More Transparency In Share Ownership Reporting - Fenwick

US Curbs Export , of More AI Chips to China. On Oct. 17, the U.S. Department of Commerce said it intends to prevent China from buying more of America's advanced AI chips in the coming weeks. . The new rules are meant to close loopholes that surfaced "after last year's restrictions on AI chip exports went into effect," CNBC reports. Those restrictions banned selling the Nvidia H100 but still allowed Chinese companies to purchase slower versions of the processor, the H800 or A800. Those slower versions will now be banned as well. The updates are specifically designed to control access to computing power, which will significantly slow the PRC’s development of next-generation frontier model, , U.S. Commerce Secretary Gina Raimondo, via statement. ... and could be leveraged in ways that threaten the U.S. and our allies, especially because they could be used for military uses and modernization, U.S. Commerce Secretary Gina Raimondo, via statement. U.S. Commerce Secretary Gina Raimondo said that only a small percentage of chip exports to China will be affected. The fact is China, even after the update of this rule, will import hundreds of billions of dollars of semiconductors from the United States, U.S. Commerce Secretary Gina Raimondo, via statement. The new rules will go into effect after being on public notice for 30 days. Following news of the development on Oct. 17, shares of Nvidia, Broadcom, Marvell, AMD and Intel all dropped slightly. Following news of the development on Oct. 17, shares of Nvidia, Broadcom, Marvell, AMD and Intel all dropped slightly. Following news of the development on Oct. 17, shares of Nvidia, Broadcom, Marvell, AMD and Intel all dropped slightly. Following news of the development on Oct. 17, shares of Nvidia, Broadcom, Marvell, AMD and Intel all dropped slightly. Following news of the development on Oct. 17, shares of Nvidia, Broadcom, Marvell, AMD and Intel all dropped slightly