Nvidia Warns of Sales Hit From New U.S. Chip Licensing Requirements for China

by | Aug 31, 2022 | Business

Nvidia Corp. could lose as much as $400 million in quarterly sales after the U.S. imposed new licensing requirements on shipments of some of its most advanced chips to China, the chip maker said Wednesday.Nvidia, the U.S.’s largest chip maker by market value, said in a regulatory filing that it was notified on Friday that it would be required to get a license from the U.S. government before shipping certain cutting-edge chips to China and Russia.

Article Attribution | Read More at Article Source

Share This