AMD will need an export license for its made-for-China chips which it had hoped could skirt U.S. trade restrictions on semiconductor sales to China, Bloomberg’s Jane Lanhee Lee and Mackenzie Hawkins report. AMD designed the chip to have lower performance than its premium products in order to comply with U.S. export restrictions, but the Commerce Department did not clear the chip for sale in China because it was still too advanced, according to people familiar with the matter.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on AMD:
- AMD Hires Thomas Zacharia to Expand Strategic AI Relationships
- AMD and Eli Lilly: Billionaire Ken Fisher Pours Billions Into These Hot Stocks
- AMD price target raised to $235 from $200 at Barclays
- Notable open interest changes for March 1st
- Advanced Micro Devices call buyer realizes 83% same-day gains