The US restricts Nvidia chip exports; additional licensing required amidst AI boom


(Matthew Du, NewsUSA Reporter) - The US had stopped Nvidia’s chip exports last year due to their growing concerns regarding potential military applications.Despite these constraints, Nvidia would achieve a $13.5bn quarterly revenue, exceeding expectations by $2bn. 


Moving into 2024, The US would continue to tighten their restrictions on Nvidia’s business by implementing additional requirements for a subset of A100 and H100 product lines during the second quarter of fiscal year 2024. Nvidia had mentioned that these chips wil play a crucial role in accelerating machine-learning tasks in major AI applications like ChatGPT. 


While the company doesn't foresee an immediate significant impact on its financial results, it hasn't specified which Middle Eastern nations are affected. AMD, Nvidia's competitor, has also been informed of similar restrictions. 


Nvidia understands that China is a very important market for the technology industry. 


This move intensifies the Biden administration's strategy to limit Beijing's access to the AI surge.