UK-based AI chip developer Graphcore is laying off staff in China and discontinuing sales in the country due to updated US export restrictions.
The company had hoped to boost revenue in the Chinese market, but the restrictions prevent them from selling their Intelligence Processor Units (IPUs) in China.
The export bans affect manufacturers worldwide as they cover the use of American manufacturing and design tools.
Graphcore is not the only AI silicon company affected by these restrictions, as Nvidia also expects sales to China to be hit.
Source : https://www.theregister.com/2023/11/23/brit_ai_chip_outfit_graphcore/
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