Nvidia and AMD say they face new restrictions on AI chip sales

News Snapshot:

Nvidia and AMD say they face new restrictions in some Middle Eastern countries, Reuters reports. This widens the restrictions on these chips beyond China and Russia. The new licensing requirement applies to “a subset” of Nvidia’s top-end chips, the company said. In response, the Biden administration said it “has not blocked” chip sales to the Middle East, Reuters reports. “The Commerce Department declined to comment on whether it had imposed new requirements on specific U.S. companies,” Reuters writes. The Commerce Department, Nvidia, and AMD didn’t immediately respond to requests for comment. Nvidia announced the new licensing requirement in a regulatory...