cryptoBiden Reported to Be Further Restricting Chip Exports to China

Biden Reported to Be Further Restricting Chip Exports to China

The U.S. is reported to be planning new restrictions on the export of cutting-edge semiconductors to China, stepping up efforts to stop the second-largest financial system from manufacturing the newest circuitry.

Shares of semiconductor makers rose Tuesday.

Nvidia


(ticker: NVDA) climbed 3.7%,

Broadcom


(AVGO) was up 4.5%,

Superior Micro Gadgets


(

AMD


) superior 3.5%, and

Intel


(INTC) rose 1.8%. The strikes have been largely in keeping with features within the broader Nasdaq index.

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