FT has learned about China's plans to loosen US export controls on chips

China wants the US to loosen export controls on a critical component of chips for the development of artificial intelligence as part of a trade deal. This was reported on August 10 in the Financial Times, citing sources.

According to several people familiar with the situation, Chinese officials informed experts in Washington about Beijing's desire.

China is very concerned about the control of high-bandwidth memory chips (HBM), as it severely limits the ability of Chinese companies, including Huawei, to develop their own AI chips.

"Relaxing these controls would be a gift for Huawei and SMIC and could pave the way for the production of millions of AI chips per year in China," one of the newspaper's sources said.

The Chinese Embassy in the United States declined to discuss the HBM issue in a comment to the Financial Times, but said the United States was "abusing export controls to suppress China and severely harming the legitimate rights of Chinese companies."

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Earlier that day, it became known that the Bureau of Industry and Security of the US Department of Commerce had issued a license to Nvidia technology company to export H20 chips to China. As FT added, Nvidia developed the chip for the Chinese market after the administration of former US President Joe Biden imposed export controls on more advanced artificial intelligence (AI) chips.

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