
Nvidia will take a $5.5 billion financial hit after U.S. authorities imposed new export restrictions on its H20 HGX AI GPU designed for the Chinese market, the company said Tuesday.
The U.S. government cited H20's memory and interconnect bandwidth as well as its potential use in supercomputers as reasons for the new restrictions. Nvidia is not alone: the U.S. Department of Commerce has also restricted sales of AMD's Instinct MI308 to China, according to Reuters.