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Nvidia says U.S. speeded up new export curbs on AI chips

Oct 24, 2023 - reuters.com
Nvidia, the chip designer, has announced that new U.S. export restrictions on the sale of its high-end artificial intelligence chips to China have come into effect earlier than expected. The restrictions, which were initially set to begin 30 days from October 17, are part of measures introduced by the Biden administration to prevent countries such as China, Iran, and Russia from receiving advanced AI chips designed by Nvidia and others.

The company does not anticipate a near-term impact on its earnings due to these restrictions. The curbs affect the exports of Nvidia's modified advanced AI chips A800 and H800, which were designed for the Chinese market, as well as the A100, H100, and L40S chips. Other companies like Advanced Micro Devices and Intel are also assessing the potential impact of these regulations.

Key takeaways:

  • Nvidia announced that new U.S. export restrictions on the sale of its high-end artificial intelligence chips to China came into effect earlier than expected.
  • The restrictions were initially supposed to come into play 30 days from Oct. 17, but regulators advanced the deadline.
  • Nvidia does not expect a near-term impact on its earnings from the move, according to a filing on Tuesday.
  • The restrictions bar exports of Nvidia's modified advanced AI chips A800 and H800, which were created for the Chinese market to comply with previous export rules. The Nvidia A100, H100 and L40S chips are also impacted by the curbs.
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