In Nvidia's statement to the US Securities and Exchange Commission (SEC), it was reported that the government informed the company that a new license requirement was introduced for the export of the A100 and upcoming H100 chips to China and Russia.
In the statement in question, it was pointed out that the new license requirement covers all systems containing A100 and H100 chips, and the government stated that the new regulation is aimed at the risk of using the products for military purposes in China.
In Nvidia's statement to the SEC, it was stated that the new license requirement could affect the company's ability to complete production of the H100 chip on time or support existing A100 customers, and may require the company to move certain operations outside of China.
It was also reported that the new regulation puts the planned sale to China of approximately $400 million at risk if customers do not want to purchase the company's alternative products or if the government does not license key customers.
Another US-based chip manufacturer, AMD, stated that they were informed by government officials about stopping the export of advanced artificial intelligence chips to China.
In a statement made by the company spokesperson, it was stated that the new license requirement will affect the sales of AMD's MI250 chips to China.
On the other hand, both companies reported that they do not currently sell any products to Russia.
Following the aforementioned developments, Nvidia's shares traded on the Nasdaq stock exchange lost more than 10 percent, while AMD's shares lost more than 6 percent.
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