"U.S. Chip Export Ban Boosts Chinese Tech Investment Fund, Speeds Up AI Chip Curbs, and Raises Military Concerns over China's Cloud Technology Access"
A partner at a Chinese semiconductor investment fund has praised the US government's ban on exporting certain advanced chip types to China, stating that it is "great news" and could stimulate a domestic ecosystem. The ban, which restricts the export of Nvidia's A800 and H800 chips, is aimed at preventing China's access to advanced semiconductors that could be used for military purposes. The partner believes that Chinese chipmakers will play a leading role in China and create their own ecosystem, reducing reliance on foreign technology. China aims to increase its computing power by 50% by 2025 to develop AI, which requires advanced semiconductors.