AMD to resume MI308 AI chip exports to China

Advanced Micro Devices Tuesday, MI308 artificial intelligence chips will soon be sent to China, he said. After the news, the stock climbed more than 6%.

The company said on Tuesday that the US trade department plans to continue to review license applications to send products to the second largest economy in the world. AMD said they planned to start posts after they are approved.

“We applaud the progress made by the Trump administration to advance trade negotiations and commitment to the US leadership,” an AMD spokesman CNBC said. He said.

The news comes as a boiling tension between the United States and China after a fiery trade war initiated by President Donald Trump’s shaking global markets.

Last week, Nvidia CEO Jensen Huang met with Trump while calling for control of the chip industry management. Nvidia also said on Tuesday that China will restart the “soon”. AMD CEO Lisa Su will join AI activity Next week with President Trump in Washington.

Chip manufacturers previously warned about income hit due to Chinese restrictions.

AMD said it would charge up to $ 800 million in April, and that the rival Nvidia would receive a 5.5 billion dollars of a coup of H20 processors. During a winning earnings in May, Huang said that the company missed $ 2.5 billion -bound chips.

In response to the US export control rules, both H20 and MI308 chips were developed for the Chinese market.

Earlier this year, the Trump administration destroyed the AI chip exports to China, stating national security concerns. The management also canceled the “AI diffusion rule” applied within the scope of President Joe Biden, who created layers with different shipment restrictions.

The administration said that the US will apply new and simpler rules for chips. It has not yet provided a comprehensive policy.

WRISTWATCH: Nvidia tells China that ‘H20’ AI Chip plans to continue sales