The U.S. Treasury Department on Friday imposed sanctions on alleged hacker Yin Kecheng and cybersecurity company Sichuan Juxinhe Network Technology Co., accusing both of being involved in a series of hacks against American telecom companies.

Nvidia said in a statement it is "ready to work with the administration as it pursues its own approach to AI."

Conversations to restrict shipments of those chips to China are in very early stages, according to the report. H20 chips can be used to develop and run AI software and were designed to meet existing U.