[Special Stock] Fidelix Faces US Nvidia Export Restrictions... Expectation of Reflective Benefits Upward
Fidelix is showing strong performance. This is interpreted as a reflection of expectations for benefits following the US restrictions on AI chip exports to AI semiconductor company Nvidia.
As of 10:01 AM on the 18th, Fidelix is trading at 1,700 won, up 13.78% from the previous day.
The previous day, the Biden administration announced semiconductor export control measures to China, prohibiting the export of even low-spec AI chips to China. As a result, Nvidia's stock price closed down 4%.
Earlier, in October last year, the US government restricted exports of advanced semiconductor equipment and high-spec AI chips incorporating US technology to China. At that time, Nvidia had been exporting lower-performance chips, A800 and H800, which are inferior to the high-spec chips A100 and H100, to China. Analysts say this new measure has now blocked even Nvidia's low-spec chip exports.
Additionally, Nvidia fully canceled the AI conference "AI Summit," which was scheduled to be held in Tel Aviv, Israel, on the 15th and 16th, due to the war between Israel and the Palestinian armed group Hamas.
Hot Picks Today
"30,000 Won in Korea, 70,000 Won in Japan"—Koreans Fill Suitcases as Illegal Direct Purchases Soar
- "SK hynix Is Our Target"... Japanese Firm Bets 7 Trillion Won as Germany Competes for Investment [AIDC Era of Coexistence] ⑪
- Body Presumed to Be Jang Miran, Linked to 'False Missing Person Case Closure,' Found in Jeju
- Cold Showers and Power Outages: Chinese Tourists Demand Refunds After North Korea Trip
- "Monster That Eats Gold" Turns Out to Be Real: Uproar in China as 5-Year-Old Swallows $7,500 Gold Bar, Sparking Questions About Family's Wealth
Meanwhile, Fidelix is a fabless specialized company primarily focused on the design and sales of products used as buffer memory in mobile phones among memory semiconductors. Its largest shareholder is the Chinese semiconductor company Dongshim Banjeonja Jusik Yuhan Gongsa (Dosilicon), which has a strategic alliance with SMIC, China's largest semiconductor manufacturer, in the flash memory sector, which is interpreted as driving the buying momentum.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.