US 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...
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Nvidia Corporation's (NASDAQ:NVDA) plans to ship its H20 artificial intelligence chips to China have received a significant boost, as the U.S. Commerce Department has reportedly granted the company licenses to resume exports, potentially preventing an $8 billion loss. Nvidia Wins Key Export Licenses For H20 Chips To China On Friday, Nvidia overcame a major hurdle after the U.S. granted it export licenses to resume shipments of its H20 graphics p…
·New York, United States
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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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