The U.S. Department of Commerce will prevent the sale of some advanced AI chips to China, a move welcomed by a partner at a Chinese investment fund.
Chloe Wang, a partner and vice-president at the Guangzhou-headquartered Yang Cheng Fund, welcomed the news that the U.S. will ban the export of certain types of artificial intelligence chip to China.
The Yang Cheng Fund invests in semiconductor companies that make chips for the AI training and autonomous vehicle sectors, among others. Chloe Wang, a partner and vice-president at the Guangzhou-headquartered Yang Cheng Fund, said:"We received the very great news this morning, and I didn't feel surprised about the U.S. continued to ban the H100 and 800 exports to China," Wang told CNBC'sThe U.S. Department of Commerce is set to prevent the sale of some advanced artificial intelligence chips to China,Nvidia's H100 chip, used by AI firms in the U.S., was banned for sale in earlier U.S. government restrictions.
"I still feel quite confident about the Chinese entrepreneurs as well as the consumer base market," she added.
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