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New US rules blocking the export of most artificial intelligence chips to China will build upon a sweeping set of restrictions introduced in October 2022.

Nvidia makes sought-after AI chips like the H100, and the AI boom has proven to be profitable as its valuation has expanded beyond $1 trillion. Last year’s restrictions meant the US-based company couldn’t sell the H100 to China, so it introduced a lower-specced H800 that could get around the US’s rules — but with the new rules, Nvidia won’t be able to sell that chip or its A800 chip to China, CNBC reports.

These new restrictions “are necessary to maintain the effectiveness of these controls, close loopholes, and ensure they remain durable,” according to a press release from the…

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