After discovering a large smuggling scheme, U.S. lawmakers have demanded the commerce department to suspend Nvidia’s (NVDA) license to export AI chips to China and south-east Asian countries, Demetri Sevastopulo of The Financial Times reports. Republican Senator Jim Banks and Democratic Senator Elizabeth Warren urged “immediate action” related to the “diversion of advanced American AI chips to China.” In the letter, the senators wrote, “We urge all necessary and appropriate actions, including the immediate pausing, suspension, or other reconsideration of all active export licenses covering advanced Nvidia AI chips and server systems destined for… China as well as for intermediaries in south-east Asia, including Malaysia, Thailand, Vietnam and Singapore.”
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