Chloe Wang, a partner and vice-president at the Guangzhou-headquartered Yang Cheng Fund, has welcomed the U.S. government’s ban on exporting certain advanced chip types to China. She described the move as “great news” and believes it could stimulate a domestic ecosystem. The U.S. Department of Commerce announced restrictions on the sale of some advanced artificial intelligence (AI) chips to China, specifically Nvidia’s A800 and H800 chips, citing concerns that they could be used for military development purposes.
Wang’s investment fund focuses on semiconductor companies, including those in AI training and autonomous vehicles. She expressed confidence that Chinese entrepreneurs and the consumer base market would continue to thrive, even with the restrictions. China aims to increase its computing power by 50% by 2025, which is crucial for advancing AI technologies that rely on advanced semiconductors for processing large volumes of data.
The U.S. government’s restrictions on chip exports to China aim to prevent potential military applications of these technologies rather than impeding Chinese economic growth. The ban comes amid ongoing concerns regarding Chinese tech giant Huawei’s access to advanced chip technology despite U.S. sanctions. The U.S. has raised questions about how these chips were developed and whether the manufacturing process is sustainable on a large scale for Huawei’s comeback.
