Nvidia will lose the equivalent of 5.5 billion dollars due to new restrictions on one of their chips regarding exports to China, according to documents submitted by the company to the US financial supervisory authority SEC on Tuesday.
According to the documents, Nvidia was informed on Monday that the White House has decided that the chip in question, H20, will require a license to be exported to China.
The semiconductor giant developed its H20 model in order to continue exporting to the Chinese market since the regulation of high-tech products from the US to China has become increasingly stringent in recent years.
After the announcement, Nvidia's share fell by around 6 percent in after-hours trading.
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