Amiga
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Nvidia shares are down over 5% in after-hours trading after the firm warned that new rules governing the export of A- chips to China may affect hundreds of millions of dollars in revenue.
The giant chipmaker said in a SEC filing that new license requirement for its A100 and forthcoming H100 integrated circuits may impact the company's ability to complete its development of H100 in a timely manner or support existing customers of A100 and may require the company to transition certain operations out of China.
The company reportedly only received the notification on Aug. 26 and was already facing a sales slump, triggered by lower demand for personal computers.
Other US chipmakers (AMD and Intel) also saw shares decline in after-hours trading, though Nvidia appears to be the company most impacted by the decision.
https://www.zerohedge.com/technology/nvda-tumbles-after-biden-blocks-chip-exports-china
The giant chipmaker said in a SEC filing that new license requirement for its A100 and forthcoming H100 integrated circuits may impact the company's ability to complete its development of H100 in a timely manner or support existing customers of A100 and may require the company to transition certain operations out of China.
The company reportedly only received the notification on Aug. 26 and was already facing a sales slump, triggered by lower demand for personal computers.
Other US chipmakers (AMD and Intel) also saw shares decline in after-hours trading, though Nvidia appears to be the company most impacted by the decision.
https://www.zerohedge.com/technology/nvda-tumbles-after-biden-blocks-chip-exports-china
