Nvidia: US Curbs on Chip Sales to China Could Result in Permanent Loss of Opportunities for American Industry

Nvidia, a prominent US technology company, has expressed concerns over the potential impact of tighter export restrictions on the sale of AI chips to China. According to reports, US officials are considering tightening export rules, which could have long-term implications for US industry. Colette Kress, Nvidia’s CFO, stated that while the company does not anticipate an immediate impact, the restrictions could lead to a permanent loss of opportunities for the US to compete and lead in one of the world’s largest markets. Last year, revenues from mainland China and Hong Kong accounted for 22% of Nvidia’s total revenue. The Biden administration has previously implemented measures to prevent Chinese companies from purchasing advanced chips and chip-making equipment without a license. Moreover, recent restrictions specifically target Nvidia’s A800 chip, which was developed to allow the company to continue sales to China after initial restrictions were put in place. The potential implications of these restrictions are significant for both Nvidia and the US industry as a whole.