US Restricts Export Of Nvidia Computer Chips To Russia, China

Washington: US technology firm Nvidia has said that the Biden administration has imposed restrictions on the sale of a number of high-tech computer chips to Russia and China as they can be used for military purposes.

“On August 26, 2022, the U.S . government, or USG, informed NVIDIA Corporation, or the Company, that the USG has imposed a new license requirement, effective immediately, for any future export to China (including Hong Kong) and Russia of the Company’s A100 and forthcoming H100 integrated circuits,” the company said in a statement that was published by the US Securities and Exchange Commission on Wednesday.

The company said the license is required to export and support technologies, thereby eliminating the risk that these technologies could be used for military purposes.

The statement noted that the company may request a license for a potential customer, but does not guarantee that the government will issue a license.

“The new license requirement may impact the Company’s ability to complete its development of H100 in a timely manner or support existing customers of A100 and may require the Company to transition certain operations out of China. The Company is engaged with the USG and is seeking exemptions for the Company’s internal development and support activities,” the statement said, adding that the measure affects USD 400 million in the company’s revenues in the third fiscal quarter.