Nvidia faces $5.5 billion charge as US restricts chip sales to China

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Nvidia on Tuesday said it would take $5.5 billion in charges after the US government limited exports of its H20 artificial intelligence chip to China, a key market for one of its most popular chips.

Nvidia’s AI chips have been a key focus of US export controls as US officials have moved to keep the most advanced chips from being sold to China as the US tries to keep ahead in the AI race. After those controls were implemented, Nvidia began designing chips that would come as close as possible to US limits.

Nvidia shares were down about 6% in…



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Nvidia faces $5.5 billion charge as US restricts chip sales to China


Nvidia on Tuesday said it would take $5.5 billion in charges after the US government limited exports of its H20 artificial intelligence chip to China, a key market for one of its most popular chips.

Nvidia’s AI chips have been a key focus of US export controls as US officials have moved to keep the most advanced chips from being sold to China as the US tries to keep ahead in the AI race. After those controls were implemented, Nvidia began designing chips that would come as close as possible to US limits.

Nvidia shares were down about 6% in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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