China has issued a statement on US adjusting chip export controls:
US undermines consensus reached in Geneva talksAsks US to correct wrongdoings.China bows to take measures if US insists on going its own way.
The comments come in response to the US Commerce Department saying use of Huawei’s Ascend AI chips violates the governments export controls.
In premarket trading Nvidia shares are trading down -2.62% at $131.85
This article was written by Greg Michalowski at www.forexlive.com.