Biden administration mulls new curbs on AI chip exports to China, WSJ reports

The White House is weighing new restrictions on exports of artificial intelligence chips to China, as worries rise over the power of the technology in the hands of U.S. rivals, the Wall Street Journal’s Asa Fitch, Yuka Hayashi, and John D. McKinnon report, citing people familiar with the situation. The Commerce Department could act as soon as early July to halt the shipments of chips made by Nvidia (NVDA) and other semiconductor makers to customers in China and other countries of note without first obtaining a license, the authors say. Other publicly traded companies in the semiconductor space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Qualcomm (QCOM) and Texas Instruments (TXN).