The U.S. government's attitude shifts, AMD will resume sales of MI308 chips to China
AMD announced that it plans to resume shipments of MI308 chips to China after receiving approval from the U.S. government. Previously, NVIDIA also obtained a similar semiconductor sales license. An AMD spokesperson stated on Tuesday that the U.S. Department of Commerce has notified the company that the export license application for the MI308 product will enter the review process. This decision marks a shift in the Trump administration's stance on chip sales restrictions to China. In the weeks prior, the Trump administration had insisted that the policy of restricting chip sales to China was not up for discussion. A few weeks ago, as U.S.-China relations eased, NVIDIA CEO Jensen Huang also met with Trump last week. AMD had stated in April that the export restrictions on the MI308 chips would result in a loss of approximately $800 million in revenue for the company. Coincidentally, NVIDIA had previously confirmed that the government had approved its H20 artificial intelligence chip for export to China, a decision expected to bring the company billions of dollars in revenue growth this year. Boosted by this news, AMD's stock price rose 5% in pre-market trading on Tuesday. The stock closed at $146.24 on Monday, with a year-to-date increase of 21%
According to Zhitong Finance APP, AMD (AMD.US) announced that it plans to resume shipments of the MI308 chip to China after receiving approval from the U.S. government for sales. Previously, NVIDIA also obtained a similar semiconductor sales license.
An AMD spokesperson stated on Tuesday that the U.S. Department of Commerce has notified the company that the export license application for the MI308 product will enter the review process.
This decision marks a shift in the Trump administration's stance on chip sales to China. In the weeks prior, the Trump administration had insisted that the policy of restricting chip sales to China was not up for discussion. A few weeks ago, as U.S.-China relations eased, NVIDIA CEO Jensen Huang also met with Trump last week.
AMD stated in April that the export restrictions on the MI308 chip would result in a loss of approximately $800 million in revenue for the company. Coincidentally, NVIDIA had previously confirmed that the government had approved the export of its H20 artificial intelligence chip to China, a decision expected to bring the company billions of dollars in revenue growth this year.
Boosted by this news, AMD's stock price rose 5% in pre-market trading on Tuesday. The stock closed at $146.24 on Monday, with a year-to-date increase of 21%
