Advanced Micro Devices (AMD) faces a setback in its attempt to sell an AI chip specifically tailored for the Chinese market due to US government restrictions on exporting advanced technologies to China, Bloomberg reported on Tuesday. Despite efforts to secure approval from the US Commerce Department, AMD was informed that a license from the Bureau of Industry and Security is required. Sources familiar with the matter revealed that officials raised concerns about the chip’s power, despite its compliance with US export regulations and its comparatively lower potency compared to AMD’s products offered outside China. Currently, neither AMD nor the US Commerce Department has commented on the matter. [Bloomberg]

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