HawkInsight

  • Contact Us
  • App
  • English

Nvidia says chips are subject to US export restrictions and expects losses of US$5.5 billion in the first quarter

According to online reports, according to Bloomberg, Nvidia disclosed in regulatory documents that the U.S. government has notified the company that its H20 chips designed to deal with previous export restrictions will require a license for future export to some countries, and the requirement will be effective "indefinitely." Affected by this, Nvidia expects to record related losses of approximately US$5.5 billion in this fiscal quarter, involving inventory, procurement commitments and related reserves. Affected by the news, Nvidia's share price fell about 5% after hours.

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More