NVIDIA H20 Chip Export Ban: Chip Giant Says US Government Banned It From Selling H20 Chips to China, New Restrictions Likely Result in USD 5.5 Billion Loss
NVIDIA said that the US government has banned it from selling its H20 chips to China, and the new restrictions are expected to result in a loss of approximately USD 5.5 billion.
Amid the US tariff war with China, NVIDIA said that the Trump government banned it from selling H20 chips to China 'for the indefinite future'. The Jensen Huang-run chip company said this would cost USD 5.5 billion in China exports. The United States government said NVIDIA would have to comply with new US export restrictions to China. Donald Trump Threatens To Strip Harvard University of Its Tax-Exempt Status After University Refuses To Accept Policy Changes Ordered by White House.
US Bans NVIDIA from Selling H20 Chip to China
BREAKING: Nvidia, $NVDA, says the US government has banned them from selling H20 chips to China "for the indefinite future."
Nvidia says this will come with a $5.5 billion charge to Q1 earnings.
The stock is down over -5% on the news. pic.twitter.com/SZwoytMjn5
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(The above story first appeared on LatestLY on Apr 16, 2025 11:13 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
