U.S. Tightens Nvidia Export Controls

This is a Nvidia news story, published by CNBC, that relates primarily to Biden news.

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several local Chinese companies

CNBC

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Technology

U.S. chip controls will benefit China's Nvidia rivals like Huawei: Analysts

Summary

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87% Informative

The U.S. Commerce Department said last week that it would require export licenses for Nvidia 's H20 graphics processing units in a move that has halted the product's sale to China .

Nvidia says it has already halted exports of the GPUs, resulting in a quarterly charge of approximately $5.5 billion .

The move is expected to boost demand for Chinese companies like Huawei as they seek to provide a domestic alternative to Nvidia .

Experts doubt U.S. export controls on Nvidia will achieve their intended purpose.

Next month , Nvidia may face additional restrictions on what it can export, under "AI diffusion rules" Next month the Biden administration proposes new restrictions on Nvidia 's products.

Expert says export controls have encouraged the Chinese semiconductor industry to become more innovative.

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