May 24, 2024

Nvidia revealed it was caught off guard by a brand new US ban on the sale of AI chips to China, with the ban coming prior to anticipated.

Nvidia made the announcement in an SEC submitting:

On October 23, 2023, america Authorities knowledgeable NVIDIA Company, or the Firm, that the licensing necessities of the
interim remaining rule entitled “Implementation of Extra Export Controls: Sure Superior Computing Gadgets; Supercomputer and Semiconductor
Finish Use; Updates and Corrections”, dated October 18, 2023, relevant to merchandise having a “complete processing efficiency” of 4800 or extra
and designed or marketed for datacenters, is efficient instantly, impacting shipments of the Firm’s A100, A800, H100, H800, and L40S
merchandise. These licensing necessities have been initially to be efficient after a 30-day interval, as first described within the Firm’s Present Report
on Type 8-Ok filed with the U.S. Securities and Alternate Fee on October 17, 2023. Given the energy of demand for the Firm’s
merchandise worldwide, the Firm doesn’t anticipate that the accelerated timing of the licensing necessities may have a near-term significant
affect on its monetary outcomes.

As Ars Technica factors out, Nvidia had developed a line of chips to adjust to US export restrictions once they have been introduced in September 2022. Sadly for the corporate, the brand new restrictions introduced this week eradicate the export of these new chips as nicely.

Huawei has already been working to interchange Nvidia within the Chinese language market. These newest restrictions are certain so as to add momentum to that firm’s efforts.

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