Tech giant Nvidia says the US has told it to stop shipping some of its advanced artificial intelligence chips to China immediately.
The restrictions were supposed to be introduced 30 days from 17 October.
That was when President Joe Biden’s administration announced measures to block countries, including China, Iran and Russia, from buying high-end AI chips designed by Nvidia and others.
That was when President Joe Biden’s administration announced measures to block countries, including China, Iran and Russia, from buying high-end AI chips designed by Nvidia and others.
In a statement to the US Securities and Exchange Commission (SEC), Nvidia said the US government said these curbs were “effective immediately”, but added that “given the strength of demand for the Company’s products worldwide, the Company does not anticipate that the accelerated timing of the licensing requirements will have a near-term meaningful impact on its financial results”.
The new restrictions bar exports of Nvidia’s advanced AI chips, which had been designed for the Chinese market to comply with earlier export regulations.
The acceleration of the introduction of the US curbs is the latest move in the ongoing technology dispute between Washington and Beijing.
Chinese authorities have yet to publicly comment on Nvidia’s announcement, but it had hit back at the Biden administration’s decision to impose new restrictions on advanced chip exports when it was announced last week.
Tech giant Nvidia says the US has told it to stop shipping some of its advanced artificial intelligence chips to China immediately.
That was when President Joe Biden’s administration announced measures to block countries, including China, Iran and Russia, from buying high-end AI chips designed by Nvidia and others.
The restrictions were supposed to be introduced 30 days from 17 October.
In a statement to the US Securities and Exchange Commission (SEC), Nvidia said the US government said these curbs were “effective immediately”, but added that “given the strength of demand for the Company’s products worldwide, the Company does not anticipate that the accelerated timing of the licensing requirements will have a near-term meaningful impact on its financial results”.
That was when President Joe Biden’s administration announced measures to block countries, including China, Iran and Russia, from buying high-end AI chips designed by Nvidia and others.
That was when President Joe Biden’s administration announced measures to block countries, including China, Iran and Russia, from buying high-end AI chips designed by Nvidia and others.
In a statement to the US Securities and Exchange Commission (SEC), Nvidia said the US government said these curbs were “effective immediately”, but added that “given the strength of demand for the Company’s products worldwide, the Company does not anticipate that the accelerated timing of the licensing requirements will have a near-term meaningful impact on its financial results”.
The new restrictions bar exports of Nvidia’s advanced AI chips, which had been designed for the Chinese market to comply with earlier export regulations.
The acceleration of the introduction of the US curbs is the latest move in the ongoing technology dispute between Washington and Beijing.
Chinese authorities have yet to publicly comment on Nvidia’s announcement, but it had hit back at the Biden administration’s decision to impose new restrictions on advanced chip exports when it was announced last week.
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