U.S. chip export ban is ‘great news,’ says partner at Chinese tech investment fund

CNBC ^

[FarCenter]

A partner at a Chinese semiconductor investment fund has welcomed the U.S. government’s ban of certain advanced chip types to be exported to China, describing the move as “great news” which may stimulate a domestic ecosystem.

Chloe Wang, a partner and vice-president at the Guangzhou-headquartered Yang Cheng Fund, said: “We received the very great news this morning, and I didn’t feel surprised about the U.S. [which] continued to ban the H100 and 800 exports to China,” Wang told CNBC’s East Tech West conference in the Nansha district of Guangzhou, China, on Wednesday.

The U.S. Department of Commerce is set to prevent the sale of some advanced artificial intelligence (AI) chips to China, it announced on Tuesday, over concerns they could be used for military development purposes. This will restrict the export of chipmaker Nvidia ’s A800 and H800 chips, officials said.

Nvidia’s H100 chip, used by AI firms in the U.S., was banned for sale in earlier U.S. government restrictions.

Wang said the fund invests in semiconductor companies, including those in the AI training and autonomous vehicle sectors. One AI chip company Yang Cheng has invested in will launch its initial public offering this year, while a Shanghai-based AI chip firm is valued at more than $3 billion, Wang added, though she didn’t name the firms.

“We believe those kind of upstream chipmakers — they will drive, or they will play the leading role in China, and they will create their own ecosystem,” Wang added. “And maybe we can, not too much rely on the Cuda system,” she said, referencing Nvidia’s AI software.

[Attention Surplus Disorder]

All the more reason why China will attempt to capture TSMC when they invade Taiwan. I’m sure Sleepy Joe will let TSMC go for a song.

[JesusIsLord]

I’m sure Sleepy Joe will let TSMC go for a song.

10% to the big guy or no deal! LOL!!