Nvidia Complies with New Export Regulations Amid $5.5 Billion Loss and Intensified Congressional Scrutiny
TAICHUNG, Taiwan — Amid regulatory challenges and unsettling stock tumbles, Nvidia Corp. finds itself navigating a complex landscape after revealing a substantial $5.5 billion cost from canceled chip orders. The Silicon Valley-based chipmaker announced these costs following a new licensing requirement from the U.S. government restricting exports of its H20 artificial intelligence chip to China. Jensen Huang, co-founder and CEO of Nvidia, emphasized the company’s adherence to governmental directives during an event in Taichung. The move comes as the U.S. increases scrutiny over technology exports to China, citing national security concerns. Nvidia’s H20 chip, which … Read more