Nvidia Faces $5.5B Hit Amid U.S. AI Chip Export Ban to China
Nvidia has announced an anticipated $5.5 billion charge due to new U.S. export restrictions on its H20 AI chips to China. These measures are part of escalating trade tensions between the U.S. and China. The restrictions require a license for Chinese exports of Nvidia’s H20 chip, developed to meet prior export limitations. Read more
