Nvidia Faces $5.5B Loss Amid U.S. Chip Crackdown
Due to new U.S. government limitations on exporting sophisticated semiconductors to China, Nvidia, the top American artificial intelligence chipmaker, is expected to face a $5.5 billion charge in its fiscal first quarter. The company’s H20 chip, originally intended for the Chinese market under previous export policies, now requires an indefinite export licence due to more…