Chloe Wang, a partner at the Chinese investment fund Yang Cheng Fund, welcomed the news of the US banning exports of certain AI chips. Wang said this move could stimulate China's domestic chipmaking ecosystem to become less reliant on components from abroad. Yang Cheng Fund invests in Chinese semiconductor companies working in areas like AI training and autonomous vehicles. There is interest from the Chinese government to boost domestic chip production and computing power for strategic reasons like developing AI capabilities. The US aims to limit China's access to advanced chips that could enable military modernization, not to curb economic growth, according to officials.