Goldman Sachs (GS.N) said on Tuesday it would re-examine its involvement in the neglect of technology initial public offerings (IPOs). Earlier, the U.S. government blacklisted the Chinese Artificial Intelligence (AI) company for human rights reasons.
The Trump administration said Monday that ignoring technology and seven other Chinese companies had become U.S. targets because they "made possible activities that run counter to U.S. foreign policy interests".
"Given recent developments, we are evaluating it," Goldman Sachs said in an e-mail response to a request for comment on the IPO.
The U.S. Department of Commerce on Monday ordered eight Chinese companies and 20 government entities not to purchase U.S. technology without approval from the U.S. government. These technologies will include high-performance computer chips manufactured by American companies such as NVDA.O., Intel (INTC.O) and Qualcomm (QCOM.O), which are regarded as key technologies for building and operating many AI systems.
Goldman Sachs, Citigroup (C.N) and JPMorgan Chase JPM.M are the co-sponsors of the IPO.
Hot Model No.: