NVIDIA Corporation (NVDA) provides graphics, computation, and networking solutions globally. On October 7, new restrictions were imposed on chipmakers, including NVDA, to prevent technology from advancing China’s military power. The companies must now obtain a license from the Commerce Department to export advanced chips and chip-making equipment.
The above restrictions have closely followed last month’s announcement in which the White House blocked NVDA from exporting high-end graphics chips to China due to similar concerns. The company said the ban impacted $400 million in potential sales to China.
