Biden Administration to Blacklist Chinese Firm Linked to Illegal AI Chips

iconKuCoin News
Share
Copy

In accordance with @CoinGapeMedia, the Biden administration is preparing to blacklist Sophgo Tech, a Chinese company associated with illegal Huawei AI chips. This company also has connections to Bitmain, the world's largest Bitcoin mining company. The decision reflects ongoing tensions between the US and China over technology and security concerns.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.