US to close 'loophole' that gives Chinese companies back door access to US AI chips

<p><a href="https://www.reuters.com/technology/biden-eyes-adding-ai-chip-curbs-chinese-companies-abroad-2023-10-13/" target="_blank" rel="nofollow">Reuters </a>with the report, citing four people familiar with the matter</p><ul><li> The Biden administration is
considering closing a loophole that gives Chinese companies
access to American artificial intelligence (AI) chips through
units located overseas</li><li>rules are set to be tightened in the coming
days</li></ul><p> In the initial round of curbs, the Biden administration left
overseas subsidiaries of Chinese companies with unfettered
access to the same semiconductors, meaning they could easily be
smuggled into China or accessed remotely by China-based users.</p><p>Washington is now mulling ways to close the loophole</p>

This article was written by Eamonn Sheridan at www.forexlive.com.