US EditionNvidia expects up to $5.5 billion charge in first quarter
- Nvidia announced it expects to incur charges up to $5.5 billion after U.S. Export controls on its H20 artificial intelligence chip intended for China.
- The U.S. Commerce Department stated that new licensing requirements will be enforced indefinitely for chips, including Nvidia's H20.
- Nvidia's shares fell around 6% following the news of the export restrictions, and rival chip maker AMD experienced a decline of 7.1% in after-hours trading.
- The Institute for Progress argued that Chinese firms are likely already utilizing H20 chips in breach of existing controls on supercomputers.
78 Articles
78 Articles
Associated Press News
Nvidia shares fall after it says US controls on exports of AI chip will cost it $5.5 billion
Shares in Nvidia slumped in after-hours trading late Tuesday after it said that tighter U.S. government controls on its exports of computer chips used for artificial intelligence will cost it an extra $5.5 billion.
Trump causes Nvidia losses of $5.5 billion by banning him from exporting a new chip to China
Donald Trump's hit on Nvidia's results. The U.S. government has banned the world leader of microprocessors from exporting to China a new integrated circuit, the H20 chip, which had been designed by the company precisely to circumvent restrictions on other devices with higher calculation power.The company informed the Securities and Exchange Commission (SEC) this Tuesday that a charge of $5.5 billion (about €4.9 billion at the current exchange ra…
Nvidia expects $5.5 billion in charges tied to the Trump administration's new export restrictions on H20 chips to China
Nvidia CEO Jensen Huang announced commitments to build more AI infrastructure in the US over the next four years.I-Hwa Cheng/AFP/Getty ImagesNvidia said in a Tuesday SEC filing that it expects up to $5.5B in charges due to a new export rule.The rule targets Nvidia's H20 chips which were made to comply with Biden-era export controls.The Trump White House is eyeing tariffs on chips as a way to encourage onshore manufacturing.Nvidia expects up to a…
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