US Moves to Block Nvidia AI Chip Shipments to Chinese Firms Abroad

The United States has taken steps to close a loophole that allowed Nvidia AI chips to be shipped to Chinese firms located outside China. The US clarified that its ban on AI chip exports applies to Chinese companies regardless of where they are based. In response, China has expanded restrictions on foreign deals and technology transfers, tightening its grip on outbound investment. The moves follow the fallout from Meta's acquisition of Manus, which prompted China to further curb foreign tech deals.