Theregister
10 months agoArtificial intelligence
Brit AI chip outfit Graphcore hit by US export rules
Graphcore is laying off staff in China and discontinuing sales in the country due to updated US export restrictions.
The Biden administration introduced a further round of export restrictions, preventing Graphcore from selling IPU systems in China.
The Chinese market was seen as a potential source of revenue for Graphcore, but the export bans have impacted its operations. [ more ]