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US imposes export restrictions on more Chinese tech firms

  • The U.S. Commerce Department has imposed export restrictions on about 80 companies, including over 50 from China.
  • The new restrictions will prevent these companies from procuring Nvidia chips.
  • 11 of the Chinese firms targeted are focused on artificial intelligence and provide technology to the country's military-industrial complex.
  • The restrictions come as part of efforts to cut off foreign adversaries exploiting American technology for malicious purposes.

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