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NVIDIA faces $5.5 billion hit as US restricts chip sales to China
short by Mansi Agarwal / on Wednesday, 16 April, 2025
NVIDIA on Tuesday said it would take $5.5 billion in charges after the US restricted exports of its H20 AI chip to China. Shares of the chipmaker dipped over 6% in after-hours trading. NVIDIA said the US government informed the company last week that the H20 chip would require a license to be exported to China indefinitely.
read more at Hindustan Times