AMD Faces US License Requirement for Weaker AI Chip Tailored for China
• US told AMD it needs a license to sell its tailored AI chip for China, even though it performs at a lower level than AMD's chips for other markets • AMD shares fell 2.2% on the news; it's unclear if AMD will seek a license • Part of broader US crackdown on exports of advanced semiconductors to China out of military concerns • Nvidia has also been continually downgrading its AI chips for China to comply with tightening US restrictions • AMD launching new AI chip line that will challenge Nvidia; "MI309" is the China-specific variant that triggered license requirement