In a bid to stymie China’s accelerating technological advancements, the U.S. government is considering stringent export restrictions on AI chips to China. The ban, potentially coming into effect as soon as next month, would require the likes of Nvidia Corporation and other chipmakers to obtain a license before shipping products to clients in China and other nations of concern.
With China and Hong Kong contributing about 25% or $7.1 billion to Nvidia’s total sales in fiscal 2022, and an additional $8.5 billion in sales from Taiwan, the proposed restrictions could prove devastating for chipmakers.
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