[News] Nvidia says US speeded up new export restrictions on AI chips

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Nvidia has announced that the White House’s embargo on exporting advanced artificial intelligence (AI) chips to China will take effect earlier than anticipated, with no expected significant impact on the company’s short-term earnings.

On October 24th, Nvidia issued an announcement through the U.S. Securities and Exchange Commission (SEC), stating that the U.S. government had notified that the temporary final rule of October 18, titled “Implementation of Additional Export Controls: Certain Advanced Computing Items; Supercomputer and Semiconductor End Use; Updates and Corrections,” would be immediately enforced. This rule is applicable to products related to data centers with a “total processing performance” of 4800 or higher. Nvidia’s affected products include A100, A800, H100, H800, and L40S.

Nvidia clarified that the originally scheduled implementation of the authorization provisions would have occurred 30 days after the regulations were issued on October 17. Given the strong global demand for Nvidia products, the early enforcement of the U.S. government’s authorization provisions is not expected to significantly affect its financial reports in the near future.

According to Reuters, Advanced Micro Devices (AMD), which is also impacted by the White House’s export ban, did not respond to media inquiries, and the U.S. Department of Commerce declined to comment.

Bernstein analyst Stacy Rasgon had previously noted that AMD’s current AI chip “MI250” on the market may also face constraints due to the latest restrictions, and the forthcoming “MI300” could encounter challenges.

Intel, which began selling the “Gaudi 2” chip in China in July 2023, stated that the company is “reviewing the regulations and assessing the potential impacts.” Intel had previously developed a specialized version of Gaudi 2 to comply with the advanced chip export ban imposed by the Washington authorities in 2022.
(Image: Nvidia)