New US chip sanctions have been imposed on foreign companies
The restrictions spell an effective ban for Chinese firms
This closes an export loophole currently exploited to skirt around US sanctions
The US government has announced a strict set of requirements which could effectively block Chinese access to AI chips.
According to Reuters, these requirements will ‘empower companies like Google and Microsoft to act as gatekeepers worldwide’, and includes reporting information to the US government, which would close the export loopholes which currently allow Chinese companies to bypass the restrictions.
