Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Taiwan says exclusion from new US curbs on AI tech should ‘give confidence’

by
January 15, 2025
in Stock
0
Taiwan says exclusion from new US curbs on AI tech should ‘give confidence’

TAIPEI (Reuters) – Taiwan’s exclusion from the new U.S. curbs on artificial intelligence (AI) chip and technology exports should “give confidence” about Taipei’s own controls and respect for the law, the island’s government said on Wednesday.

The U.S. said on Monday it would further restrict AI exports, as it attempts to keep advanced computing power in the United States and among its allies.

The new regulations cap the number of AI chips that can be exported to most countries and maintain a block on exports to China, Russia, Iran and North Korea.

But the measures allow America’s closest friends, including Taiwan, unlimited access to U.S. AI technology.

The inclusion of Taiwan as a “tier one” partner, allowing it unlimited access to the tech, “should give confidence about our government’s management and controls and companies’ respect of the law”, Taiwan’s Economy Ministry said in a statement.

It added that it had continued to invite U.S. officials and other industry professionals to Taiwan to help companies “understand relevant regulatory laws and trends” amid the ongoing U.S. restrictions on AI technology since 2022.

Taiwan is home to TSMC, the world’s largest contract chipmaker and a major supplier of chips to AI darling Nvidia (NASDAQ:NVDA).

Taiwan’s government, ever wary of pressure from Beijing which views the democratically governed island as its own territory, already has strict rules on chip exports to China and has repeatedly said it will enforce U.S. restrictions.

Last year, TSMC suspended shipments to a Chinese company called Sophgo after one of the Taiwan firm’s chips was found to have been illegally incorporated into a Huawei AI processor.

China’s Huawei, a telecommunications equipment maker and technology conglomerate, was in 2019 added to a U.S. list for activities contrary to U.S. national security and foreign-policy interests.

Exporters are barred from shipping goods and technology to them without a licence, which is likely to be denied.

This post appeared first on investing.com
Previous Post

Explainer-China’s RedNote: what you need to know about the app TikTok users are flocking to

Next Post

Japan stocks higher at close of trade; Nikkei 225 up 0.09%

Next Post
Japan stocks higher at close of trade; Nikkei 225 up 0.09%

Japan stocks higher at close of trade; Nikkei 225 up 0.09%

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    DOJ releases final violent crime numbers for Biden administration

    DOJ releases final violent crime numbers for Biden administration

    January 17, 2025
    RNC chair on GOP’s mission going forward: ‘Make sure…Trump voters become Republican voters’

    RNC chair on GOP’s mission going forward: ‘Make sure…Trump voters become Republican voters’

    January 17, 2025
    What Would It Take For Small Caps to Lead?

    What Would It Take For Small Caps to Lead?

    January 17, 2025
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • DOJ releases final violent crime numbers for Biden administration
    • RNC chair on GOP’s mission going forward: ‘Make sure…Trump voters become Republican voters’
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2025 proudforprofits.com | All Rights Reserved