Nvidia Corporation (NASDAQ:NVDA), a graphics chip manufacturer and investor favorite, reported in a filing with the Securities and Exchange Commission on Wednesday that the Biden administration has put restrictions in place that prevent the chip giant from selling its A100 and H100 chips to Russia and China, effective immediately.
A '$2-Billion Hit' For Nvidia? The restrictions on Nvidia's H100 and A100 chips — which are used to accelerate machine learning operations — signify an intensification of the U.S. crackdown on China's technological power.
Related: Nvidia, AMD Shares Tumble As US Slaps Export Curbs on Top AI Chips To China: What's At Risk Here?
