US officials last week told Nvidia it must obtain licenses to export its H20 chips to China because of concerns they may be used in supercomputers there, the Silicon Valley company said in a Securities and Exchange Commission (SEC) filing.
The new licensing rule applies to Nvidia GPUs (graphics processing units) with bandwidth similar to that of the H20.
Nvidia was told the licensing requirement on H20 chips would last indefinitely, it said in the filing.
“First quarter results are expected to include up to approximately $5.5 billion of charges associated with H20 products for inventory, purchase commitments, and related reserves,“ Nvidia said in the filing.
“We’ll continue to do that and we’ll be able to do that just fine,“ the Taiwan-born entrepreneur told reporters late last year.
Global markets have been on a roller coaster since Trump's April 2 announcement, declining sharply before partially recovering with his 90-day pause on the steepest tariff rates last week.
Most nations will now face a baseline 10 percent tariff for the near-three-month period -- except China, which launched a tit-for-tat escalation.
China has sought to present itself as a stable alternative to an erratic Washington, courting countries spooked by the global economic storm.
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