Nvidia faces a potential £4.2 billion ($5.5 billion) hit due to trade tensions between the US and China. This financial risk comes as the company strives to produce supercomputer chips entirely within the United States.
Nvidia stated that it expects to incur £4.2 billion ($5.5 billion) in costs because the US government increased export restrictions to China. This major chip manufacturer, central to the rise of artificial intelligence (AI), will now need to obtain licenses to export its H20 AI chip to China, a product that has been quite successful there.
