New Time Africa
Nvidia and ASML, two key players in the tech industry, are facing challenges after the U.S. government imposed new export restrictions on advanced chips. Nvidia, known for its AI and graphics processing units, has seen its stock prices drop due to the restrictions, particularly affecting its H20 chip exports to China.
The restrictions are part of the U.S. government's efforts to limit China's access to cutting-edge semiconductor technologies, particularly those used in AI and machine learning. ASML, a leading supplier of semiconductor manufacturing equipment, has also expressed concerns about how these export controls could impact its business.
These measures are contributing to broader market volatility, with tech stocks taking a significant hit in response. The restrictions not only affect Nvidia and ASML but also have wider implications for the global semiconductor supply chain.
