Global News, November 1st - According to a report by the Wall Street Journal, Nvidia may be forced to cancel orders to export over $5 billion in advan
On November 1st, according to a report by the Wall Street Journal, artificial intelligence giant Nvidia may be forced to cancel orders to export over $5 billion in advanced chips to China next year due to the US government's expansion of export restrictions on Chinese chips, resulting in heavy losses!
On October 17th, the US Department of Commerce issued a series of new chip export restrictions, expanding the definition of advanced artificial intelligence chips and imposing additional licensing requirements on chip products shipped to over 40 countries to avoid resale to China. The new restrictions are scheduled to take effect on November 16th.
The Wall Street Journal exclusively quoted sources familiar with the matter as saying that Nvidia had already completed its order to deliver advanced artificial intelligence chips to China this year and is striving to deliver some orders for 2024 ahead of the new regulations coming into effect.
But on the 23rd, the US government sent a letter to NVIDIA requesting that new export restrictions on selling high-end chips to countries including China take effect immediately. A person familiar with the matter said that large Chinese AI and cloud computing companies, including Alibaba, ByteDance and Baidu, have placed large orders for delivery next year. Another insider revealed that orders from Chinese companies are worth over $5 billion.
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