[ad_1]
The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS / Robert Galbraith / File Photo
Register now for FREE unlimited access to Reuters.com
Sept 1 (Reuters) – Nvidia Corp (NVDA.O) said on Thursday the US government has allowed exports needed to complete the development of its flagship artificial intelligence chip, a day after it disclosed that Washington had restricted shipments of two chips to China.
The curbs on exports of Nvidia’s H100 chips and A100 chips – designed to speed up machine learning tasks – signaled an escalation of the US crackdown on China’s technological capabilities as tensions rise over the fate of chip hub Taiwan. read more
Nvidia had said on Wednesday the move could hurt its business in China and interfere with the development of the H100 chip, which is expected to ship later this year.
Register now for FREE unlimited access to Reuters.com
Shares of the chip designer fell 7%, dragging the Philadelphia SE Semiconductor Index (.SOX) down by over 3%.
In its statement on Thursday, Nvidia said US officials have authorized it to perform exports needed to provide support for US customers of A100 through March 1, 2023.
The company has also been allowed to fulfill orders of the chips via its Hong Kong facility through Sept. 1, 2023. (https://bit.ly/3Q5YfhR)
Chinese customers are still required to obtain licenses from the US government for the technology, a spokesperson for Nvidia said.
“On the surface, it looks like the US government is looking to refrain from sales of next generation advanced chips, 7 nanometers and below, specifically for military end use in China,” said CFRA Research analyst Angelo Zino.
Experts said the curbs are likely to hit almost any major tech company running public clouds or advanced artificial intelligence training modules in the Asian country. read more
Rival Advanced Micro Devices Inc (AMD.O), whose shares were down about 5%, was also asked on Wednesday to stop AI chip exports to China. The company did not respond to a request for comment on whether it received a similar authorization.
Register now for FREE unlimited access to Reuters.com
Reporting by Akash Sriram, Yuvraj Malik and Tiyashi Datta in Bengaluru; Editing by Aditya Soni
Our Standards: The Thomson Reuters Trust Principles.
|
Sources 2/ https://www.reuters.com/technology/us-allows-nvidia-do-exports-transfers-needed-develop-its-ai-chip-2022-09-01/ The mention sources can contact us to remove/changing this article |
[ad_2]