The U.S. government has broadened its crackdown on the exports of cutting-edge artificial intelligence (AI) chips developed by Nvidia Corp (NASDAQ: NVDA) and Advanced Micro Devices Inc (NASDAQ: AMD) to regions beyond China. This expansion now includes several Middle Eastern nations.
In a recent regulatory disclosure, Nvidia revealed that the imposed restrictions on its A100 and H100 chips, specifically engineered for enhanced machine-learning capabilities, would not significantly disrupt its financial outcome, Reuters reports.
Traditionally, the U.S. imposes export controls on countries like China, primarily driven by national security concerns.
AMD, Nvidia's contender, reportedly received a notice entailing similar export constraints.
However, this development is unlikely to affect its revenue. Separately, Nvidia stated its commitment to collaborating with U.S. officials to navigate this issue.
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