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Bloomberg Tech

US Restricts China Access to Nvidia Chips

Bloomberg Tech

Bloomberg

Tech News, Business News, News

4.469 Ratings

🗓️ 17 October 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down how the US is clamping down on China's chip access with sweeping updates to export controls including Nvidia-made chips. Plus, a look at the latest from the trial of Sam Bankman-Fried.

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:24.0

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.0

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. in Edna at Lodd. I'm Caroline Hyde at Bloomberg's world headquarters in New York.

0:57.0

And I'm Ed Ludlow in San Francisco.

0:59.0

This is Bloomberg Technology.

1:01.0

Coming up, the US clamps down on China's chip access with sweeping

1:04.5

updates to export controls. We'll discuss the impact on the semiconductor

1:08.2

industry. Plus we'll bring you the latest updates from the trial of Sam

1:12.2

Bankman Freed as the third member of

1:14.1

his inner circle testifies against him.

1:17.0

And we'll continue our conversation on the technology ecosystem right here in the Big

1:20.8

Apple New York Tech Week continues.

1:23.0

But first, let's check in on these markets and actually tech the laggot of choice at the moment today,

1:28.0

we're seeing the Nasdaq 100 I'm focusing on down about a tenth of a percent.

1:31.0

Yes, we know that stocks sometimes struggle in the

1:33.4

face of rising bond yields, but actually we saw some other areas catch a bid

1:36.7

bank of America coming out with some earnings that beat although Goldman Sachs

1:39.9

as well and worse than had been anticipated in terms of its own profitability targets.

...

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