A unit of ZTE and two other Chinese firms received U.S. approval to purchase advanced AI chips from Nvidia and AMD, per documents and two sources. The development suggests continued easing of export restrictions for select buyers, supporting near-term AI hardware procurement but with limited scope across entities. Market impact is likely incremental rather than sector-wide.
A unit of ZTE and two other Chinese firms received U.S. approval to purchase advanced AI chips from Nvidia and AMD, per documents and two sources. The development suggests continued easing of export restrictions for select buyers, supporting near-term AI hardware procurement but with limited scope across entities. Market impact is likely incremental rather than sector-wide.
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