China’s artificial intelligence hardware stocks slumped on Wednesday after news that the US government is drafting a ban on US imports of new models of Chinese data centre components.
US Ban Plans
The CSI300 Telecommunication Services Index tumbled 6% in early trading. Export-dependent data centre component makers including Zhongji Innolight, Eoptolink Technology and Suzhou TFC Optical Communications all opened sharply lower.
The US government is working on a measure to bar imports of new Chinese optical transceivers, which allow data to travel over fibre-optic cables at the speed of light within data centres.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.