AI chip outfit Graphcore's sales to China hit by US export rules

- UK-based AI chip developer Graphcore is laying off staff in China and discontinuing sales in the country due to updated US export restrictions.

- The company had hoped to boost revenue in the Chinese market, but the restrictions prevent them from selling their Intelligence Processor Units (IPUs) in China.

- The export bans affect manufacturers worldwide as they cover the use of American manufacturing and design tools.

- Graphcore is not the only AI silicon company affected by these …

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