Chip developer Advanced Micro Devices ( ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/amd-industries-ltd/stocks/companyid-15806.cms”>AMD) on Wednesday said it expects new US licensing requirements for ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/semiconductors” target=”_blank”>semiconductors exported to China to cost it as much as $800 million.
The Silicon Valley company’s earnings warning, filed with the US Securities and Exchange Commission (SEC), came a day after rival ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/nvidia” target=”_blank”>Nvidia notified regulators that it expects a $5.5 billion hit this quarter from licensing requirements on the main chip it can legally sell in China.
Shares in both companies were down by about 7 percent at the close of formal trading on Wednesday.
The…
