Nvidia and China Tech Giants Hit by Latest US Chip Clampdown

Quick Summary:

Top chip designer takes a $5.5 billion hit from US security clampdown, curbing sales of its H20 AI chip to cloud giants in China

The post Nvidia and China Tech Giants Hit by Latest US Chip Clampdown appeared first on Asia Financial.

Nvidia shares fell 6% in after-hours trading on Tuesday after it said it would take up to $5.5 billion of charges in the first quarter ending April 27 due to the licensing requirement, which the US government told it on Monday would be indefinite.

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Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaSingaporeTaiwanThailand

Topics: World Semiconductors Cyber Security Fintech Fintech Insights Global Fintech Leaders Index ESG North Asia AI Asia Market Insights China-US Economic Ties Energy Insights

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 10:35:24 (4 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 793 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 28016806

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