NationGate, PIE likely to be hit by US ruling

FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

PETALING JAYA: The growth potential for Nationgate Holdings Bhd and PIE Industrial Bhd is expected to be affected by the latest ruling by the United States on exports of artificial intelligence (AI) chips.

Last week, the US government released an interim final rule on AI diffusion with new restrictions on exports of AI chips.