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Nvidia says new limits on China exports to cost US$5.5 billion

Nick Turner and Mackenzie Hawkins / Bloomberg
Nick Turner and Mackenzie Hawkins / Bloomberg • 4 min read
Nvidia says new limits on China exports to cost US$5.5 billion
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Nvidia Corp faces new US restrictions on the export of its H20 chip to China, a policy change that will cost the company billions of dollars and hamstring a product line that it explicitly designed to comply with previous curbs. 

The government informed Nvidia on Monday that the H20 would require a license to export to China “for the indefinite future,” the company said in a regulatory filing Tuesday.

Officials said that the new rules address concerns that “the covered products may be used in, or diverted to, a supercomputer in China,” according to the filing.

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