Nvidia Rival Graphcore Pulls Out of China, Citing US Export Rules
- British AI unicorn startup cuts most of its staff in China
- Company recently shared that it needs funds to keep operating
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British chip designer Graphcore Ltd. is laying off most of its staff and discontinuing sales in China, marking another setback for a startup once heralded as a potential rival to Nvidia Corp.
The company confirmed the decision, citing recent US export controls that restrict the sale of technology into China. “Regrettably, this means we will be significantly scaling back business operations in China,” a spokesperson said in an email. The company declined to share the number of employees impacted.