Nvidia’s blockbuster quarterly earnings last week came with a big dose of negative news: A $4.5 billion write down on chips originally destined for customers in China that will ultimately go undelivered.
The company had developed the so-called H20 chips, which are less powerful than its top-of-the-line semiconductors, to comply with Biden Administration regulations against sending technology to foreign adversaries that could help their AI efforts. The Trump Administration, however, went a step further in early April and banned exports of even second-tier chips.
