This is the best summary I could come up with:

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.

“Today’s updated rules will increase effectiveness of our controls and further shut off pathways to evade our restrictions,” Secretary of Commerce Gina Raimondo said in a statement.

Chips designed for artificial intelligence are in high demand as companies throw massive amounts of resources at new AI hardware and software products.

Intel spokesperson Sarah Keller said the company is “reviewing the rules and assessing the potential impact.” AMD didn’t immediately reply to a request for comment.

Overly broad, unilateral controls risk harming the U.S. semiconductor ecosystem without advancing national security as they encourage overseas customers to look elsewhere.

“We have made our position clear on US restrictions of chip exports to China,” Chinese Foreign Ministry spokesperson Mao Ning said in a press conference on Monday.

The original article contains 499 words, the summary contains 149 words. Saved 70%. I’m a bot and I’m open source!