Nvidia shares jumped after a report of a new chip destined for the Chinese market that meets US export rules

Nvidia Corp. (NVDA) Shares rose sharply on Tuesday after a report suggested the chipmaker had developed a new semiconductor it could sell to customers in China without violating new U.S. export restrictions.

The Reuters report, later confirmed by the company, said the A800 advanced graphics processing unit (GPU) could be used instead of A100 chips made by Nvidia, which are currently on the list of technologies banned from sale in China by the government of USA.

Nvidia said in the Securities and Exchange Commission report in September that new restrictions on the sale of its A100 chips and the upcoming H100, which are also included in other products designed by Nvidia for data centers, could lead to about 400 million dollars of sales — about 11 percent of expected data center revenue — at risk if its customers don’t buy alternative products.

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