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US Blocks NVIDIA Chip Sales to China – Company Projects $5.5B Hit
NVIDIA says new US restrictions on chip exports to China could cost the company $5.5 billion, as Washington tightens licensing rules for advanced AI hardware sales. The chipmaker said the charge is related to inventory, purchase commitments, and related reserves. “The (US government) indicated that the license requirement addresses the risk that the covered products may be used in, or…
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Nvidia expects ban on chip exports to China to cost $5.5B – Computerworld
Nvidia now expects new US government restrictions on exports of its H20 chip to China will cost the company as much as $5.5 billion, Reuters reports. Nvidia’s H20 chip is used for AI development; the US government has said it wants to restrict exports of the chip to China because of concerns it could be used to build a supercomputer.…
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