The U.S. government last week blew a $400 million hole in Nvidia Corp.'s budget amid a clampdown on selling advanced chips to China and Russia. The semiconductor company announced Wednesday that federal officials last Friday informed it they have put in place new export controls that bar Nvidia from selling its latest data center chips in China or Russia without a license. Although Nvidia continues to try to sell its less advanced chips in China, the government's practical ban on selling its latest chips there could cost it $400 million in this quarter alone, it said. Read More...
The U.S. government last week blew a $400 million hole in Nvidia Corp.’s budget amid a clampdown on selling advanced chips to China and Russia. The semiconductor company announced Wednesday that federal officials last Friday informed it they have put in place new export controls that bar Nvidia from selling its latest data center chips in China or Russia without a license. Although Nvidia continues to try to sell its less advanced chips in China, the government’s practical ban on selling its latest chips there could cost it $400 million in this quarter alone, it said.
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