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U.S. Links AI Chip Export Approval to 15% China Sales Levy as Beijing Orders Purchase Pause

A report that the administration may extend export levies to other industries alongside a direct equity investment in Intel has propelled Intel stock higher.

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Archivo - Estand de Intel en el Mobile World Congress (MWC) 2023, en L'Hospitalet de Llobregat, Barcelona, Cataluña (España)
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Overview

  • The administration mandated that Nvidia and AMD share 15% of their China sales of derated H20 and MI308 chips in exchange for export licenses.
  • Beijing’s cyberspace regulator ordered domestic firms to halt government and security purchases of the chips pending a cyber review over alleged backdoors.
  • Treasury Secretary Scott Bessent indicated the revenue-share licensing arrangement could serve as a template for other sectors.
  • Bloomberg-cited sources report the White House is evaluating a direct equity investment in Intel to strengthen domestic manufacturing capacity.
  • Intel shares surged more than 23% this week, marking their strongest weekly gain since 2000 on speculation of U.S. government backing.