regulatory
confidence high
sentiment negative
materiality 0.85
USG imposes new license requirement for NVIDIA's A100 and H100 exports to China; $400M at risk
NVIDIA CORP
- US government requires license for export of A100, H100 integrated circuits and related systems to China and Russia effective immediately.
- NVIDIA's Q3 FY2023 outlook included ~$400M in potential China sales that may be subject to the new requirement.
- New license may impact timely development of H100 and require transition of certain operations out of China.
- NVIDIA is engaging with USG for exemptions and with China customers to offer products not subject to the license.
- No assurance that USG will grant any exemptions or licenses in a timely manner, or at all.