Nvidia details advanced AI chips blocked by new export controls

© Reuters. FILE PHOTO: A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo   NVDA -4.68% Add to/Remove from Watchlist Add to Watchlist Add Position

Position added successfully to:


 
+ Add another position Close

By Max A. Cherney and Stephen Nellis


(Reuters) -Nvidia said on Tuesday that new U.S. export restrictions will block sales of two high-end artificial intelligence chips it created for the Chinese market and that one of its top-of-the-line gaming chips will also be blocked.


Nvidia (NASDAQ:NVDA), in a filing late on Tuesday, disclosed the impact from the restrictions, which seek to stop Beijing from receiving cutting-edge U.S. technologies to strengthen its military.


The new restrictions will also affect rival chips produced by Advanced Micro Devices (NASDAQ:AMD) and Intel (NASDAQ:INTC), according to analysts.


In its filing, Nvidia said two of its modified advanced AI chips - the A800 and H800 - both of which it created for the Chinese market to comply with previous export rules, would be blocked for sale under the new rules. One of the company's top-of-the-line gaming chips will be restricted, as will the L40S chip, which it announced in August, it said.


Nvidia declined to comment beyond the filing.


Chips being built by Intel and Advanced Micro Devices that aim to compete with Nvidia will also be impacted. Dylan Patel, chief analyst at SemiAnalysis, said Intel's Gaudi 2 chip, which it began selling in China in July, will be banned under the new rules. Intel built a specific version of the chip to comply with last year's rules, the company has said in the past.


Intel declined to comment on the Gaudi 2 chip and said it was assessing the new rules.


AMD's current AI chip, the MI250, may be captured by the tightened controls, according to an analysis from Bernstein analyst Stacy Rasgon. And it's likely that AMD's forthcoming MI300 chip will be captured by the new rules, Patel said.


AMD declined to comment.



According to Nvidia's filing, the company may be forced to move some business operations out of countries that are in the purview of U.S. export curbs after the Biden administration on Tuesday expanded restrictions on export of certain high-end technology.


The chipmaker said the new rules may impact its ability to complete the development of certain products in a timely manner, support existing customers of those products, or supply customers of those products outside the affected regions.


Nvidia details advanced AI chips blocked by new export controls 3  

Related Article

U.S. FDA approves Amgen's biosimilar version of J&J's psoriasis drug

U.S. FDA approves Amgen's biosimilar version of J&J's psoriasis drug

© Reuters. FILE PHOTO: An Amgen sign is seen at the company's office in South San Francisco, Califor
What is a Flat Rate Pricing

What is a Flat Rate Pricing

How can you determine the HVAC flat rate pricing? One of the main problems HVAC firms are currently dealing with is the pricing structure. The new popular method for pricing HVAC services is flat rate pricing.
Buy a House With No Money Down

Buy a House With No Money Down

If you are a veteran, desire to live in a rural region, or otherwise qualify for a mortgage with no need for a down payment, you may be able to purchase a house with no money down at all.
Dow futures move higher, earnings in focus

Dow futures move higher, earnings in focus

© Reuters BAC+0.86%Add to/Remove from WatchlistAdd to Watchlist
New Zealand CPI inflation eases in Q3, less hiking pressure on RBNZ

New Zealand CPI inflation eases in Q3, less hiking pressure on RBNZ

© Reuters. NZD/USD-0.40%Add to/Remove from WatchlistAdd to Watchli
US House speaker nominee Scalise drops out of race, deepening crisis

US House speaker nominee Scalise drops out of race, deepening crisis

© Reuters. House Majority Leader Steve Scalise (R-LA) speaks to reporters after he won a majority of