U.S. is closing a loophole that let Chinese firms buy Nvidia AI chips abroad

The Commerce Department's Bureau of Industry and Security clarified that export license rules apply to Chinese-headquartered firms regardless of where they operate

Justin Sullivan/Getty Images

The U.S. Department of Commerce issued guidance Sunday clarifying that export licenses are required for advanced computing chips sold to entities headquartered in China — or whose parent company is headquartered in China — even when those entities are located outside China.

The Bureau of Industry and Security said the license requirement, first established in November 2023, continues to apply to all destinations outside the United States when the chips are destined for........

© Quartz