News Snapshot:
The US risks causing “enormous damage” to its tech industry if it continues restrictions on trade with China, according to the chief executive of the chipmaker Nvidia. Jensen Huang said curbs introduced by the Biden administration, which include restricting the export to China of advanced chips made with US technology, had left the business with “our hands tied behind our back”. In an interview with the Financial Times, Huang said: “If [China] can’t buy from … the United States, they’ll just build it themselves. So the US has to be careful. China is a very important market for the technology...
