The U.S. Commerce Department announced new export licensing requirements for Nvidia’s H20 and AMD’s MI308 artificial intelligence chips, along with their equivalents, to China.
A spokesperson for the department emphasized that the move aligns with the President’s directive to protect national and economic security.
In response, Nvidia disclosed that it would incur $5.5 billion in charges due to the U.S. government’s decision to restrict exports of its H20 AI chip to China, a critical market for one of the company’s most popular products.
