Nvidia says it does not expect new US export hit its business
Last updated on: 08 October,2022 08:15 am
Nvidia said it had already been made subject to rules, which it disclosed to investors last month.
(Reuters) - Nvidia Corp (NVDA.O) on Friday said it does not expect new U.S. export control rules against sending chips to Chinese supercomputing systems to have a material affect on its business. read more
Nvidia said the it had already been made subject to rules, which it disclosed to investors last month, saying that they could impact $400 million of its sales in China for its current fiscal quarter.
"We don’t expect the new controls, including restrictions on sales for highly dense systems, to have a material impact on our business," the company said in a statement.