US EditionUS licenses Nvidia to export chips to China, official says
UNITED STATES, AUG 9 – The US Commerce Department reversed last month’s ban, enabling Nvidia to access China’s semiconductor market which accounted for 12.5% of its revenue last quarter, company data shows.
- The US Commerce Department began issuing licences for Nvidia’s H20 chips to China, a US official told Reuters on Friday .
- Nvidia tailored the H20 chip for the Chinese market to comply with Biden-era AI export controls, after prior curbs threatened to cut $8 billion from its July quarter.
- The H20 generated $4.6 billion in first-quarter revenue with China accounting for 12.5, and Nvidia expected a $5.5 billion charge but saved $1 billion through material reuse.
- Despite H20 licences, exports of Nvidia’s other advanced AI chips to China remain restricted under successive US administrations’ curbs, a US official told Reuters.
- A US official told Reuters that successively US administrations have aimed to stymie Beijing’s AI and defence development, with Nvidia’s leadership warning of slipping without China sales.
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The Department of Commerce has started issuing in Nvidia the necessary licenses to export its H20 chips to China. The Financial Times reports this, stressing that the issue follows...
·Milan, Italy
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Nvidia's $8 Billion Loss May Be Averted As US Approves H20 Chip Exports To China Amid Trade Tensions: Report - NVIDIA (NASDAQ:NVDA)
Nvidia has received U.S. Commerce Department licenses to resume exporting its H20 AI chips to China, potentially avoiding an $8 billion loss while navigating growing competition and ongoing geopolitical tensions.
·New York, United States
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Total News Sources28
Leaning Left2Leaning Right4Center9Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
13%
C 60%
R 27%
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