Nvidia (NASDAQ:NVDA) shares dropped by over 6% in after-hours trading after it revealed in a Form 8-K filing yesterday that the US government has mandated it to secure a license for exporting its H20 product line to China, Hong Kong, Macau, and D:5 countries.
The government signalled that the license mandate is to mitigate the risks of China's supercomputers using Nvidia H20 integrated chips. While Nvidia was informed about the license on 9th April, the government told the chipmaker on Monday that the license rule is in effect for the indefinite future.
