Ai Chips Nvidia And Amd To Stop Selling Some Tech To China

The restrictions cover Nvidia’s A100 ICs and future H100 ICs, as well as all systems that include them, effective immediately, it said.
The move threatens to upend $400 million worth of business for Nvidia, according to the filing. That’s roughly what the California-based tech giant predicted last week on potential sales in China, which could be affected by the new requirement, it said in the filing. Shares of Nvidia fell 6.6% in after-hours trading on Wednesday, while AMD stock fell 3.7%. In a statement to CNN Business, Nvidia said it is working with “customers in China to satisfy their planned or future purchases with alternative products and may seek licenses where replacements are insufficient.” AMD, which is also based in California, told CNN Business that it has also been given new requirements by the US Department of Commerce that will affect shipments of its MI250 integrated circuits to China. “At this time, we do not believe shipments of MI100 ICs are affected by the new requirements,” he said, referring to another line of components. “We do not currently believe it has a material impact on our business.” The new rules are a reminder of how US-China tensions remain high over business and technology. Last week, a rare agreement between the two countries on control of US-listed Chinese companies suggested a breakthrough in relations, but experts have warned that the agreement will do little to resolve other key issues. The new order for chipmakers also covers a ban on exports to Russia, Nvidia and AMD noted. Both companies said they currently do not sell any products in Russia.

title: “Ai Chips Nvidia And Amd To Stop Selling Some Tech To China Klmat” ShowToc: true date: “2022-10-26” author: “Chris Decinti”

The restrictions cover Nvidia’s A100 ICs and future H100 ICs, as well as all systems that include them, effective immediately, it said.
The move threatens to upend $400 million worth of business for Nvidia, according to the filing. That’s roughly what the California-based tech giant predicted last week on potential sales in China, which could be affected by the new requirement, it said in the filing. Shares of Nvidia fell 6.6% in after-hours trading on Wednesday, while AMD stock fell 3.7%. In a statement to CNN Business, Nvidia said it is working with “customers in China to satisfy their planned or future purchases with alternative products and may seek licenses where replacements are insufficient.” AMD, which is also based in California, told CNN Business that it has also been given new requirements by the US Department of Commerce that will affect shipments of its MI250 integrated circuits to China. “At this time, we do not believe shipments of MI100 ICs are affected by the new requirements,” he said, referring to another line of components. “We do not currently believe it has a material impact on our business.” The new rules are a reminder of how US-China tensions remain high over business and technology. Last week, a rare agreement between the two countries on control of US-listed Chinese companies suggested a breakthrough in relations, but experts have warned that the agreement will do little to resolve other key issues. The new order for chipmakers also covers a ban on exports to Russia, Nvidia and AMD noted. Both companies said they currently do not sell any products in Russia.