Nvidia will take a $5.5 billion charge after the U.S. restricted exports of its H20 AI chip to China, citing security concerns. The move targets China's access to advanced tech, impacting Nvidia's key market amid growing global AI competition.
Nvidia announced it will incur a $5.5 billion charge after the U.S. government restricted exports of its H20 AI chip to China, one of its key markets. These restrictions are part of broader U.S. efforts to limit China’s access to advanced semiconductors amid the global AI race. The H20 chip, tailored for China under previous export rules, is Nvidia's most advanced chip still eligible for sale in the country and had seen strong demand from Chinese tech giants like Tencent, Alibaba, and ByteDance.
The U.S. Commerce Department introduced new licensing rules for chips like Nvidia’s H20 and AMD’s MI308 due to concerns about their potential use in Chinese supercomputers. Although the H20 is less powerful than Nvidia’s global offerings, its high-speed memory and connectivity capabilities make it suitable for building such systems.
Analysts and policy groups suggest some Chinese firms may already be using H20 chips in violation of export restrictions. The U.S. informed Nvidia on April 9 that future exports of the H20 to China would require a license, with the rules becoming indefinite as of April 14. It’s still unclear how many export licenses will be approved.
Nvidia's $5.5 billion charge accounts for inventory, purchase obligations, and related costs tied to the H20. This announcement followed Nvidia’s separate news that it plans to invest up to $500 billion in building AI server infrastructure in the U.S. over the next four years, in partnership with firms like TSMC.
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