'We think the impact is quite limited in the near future,' said Dou Shen, executive vice president and head of Baidu AI Cloud group.
Chinese tech company Baidu expects that impact from U.S. chip sanctions on its businesses will be "limited," a company executive said on Tuesday during a Q&A session of its third quarter earnings call.
In October, the United States imposed export controls limiting American businesses from selling semiconductors and chipmaking equipment to Chinese chip manufacturers. An analyst told CNBC's "Squawk Box Asia" Wednesday that Baidu is "absolutely" a top pick, citing chip resilience as one of the reasons.
"We think the impact is quite limited in the near future," Dou Shen, executive vice president and head of Baidu AI Cloud, said of the U.S. chip export controls.expects that impact from U.S. chip sanctions on its businesses will be "limited," a company executive said on Tuesday during a Q&A session of its third quarter earnings call.limiting American businesses from selling semiconductors and chipmaking equipment to Chinese chip manufacturers.
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