Chip Restriction News Today

Chip Restriction: Chinas CSI Semiconductor Index dropped 1.4% on Wednesday following the announcement, while the STAR Chip Index lost 1.2%. An index tracking Chinas artificial intelligence (AI) companies closed 1.8% lower, after hitting a nine-month low. AI stocks were further hit after the U.S. announced further controls on Nvidia chip exports to China, UBS wrote in a note to clients.