NVIDIA said it expected a $ 5.5 billion (4.1 billion pounds sterling) after the administration of Donald Trump prevented the flea designer from selling crucial artificial intelligence in China, sending actions in one of the most precious companies in the United States plunging into the after-hour trade.
The company said in an official file late Tuesday that its AI H20 chip, which had been specifically designed for the Chinese market to comply with export controls, would now require a special license to sell for “the indefinite future”.
The American government, which fights against China in the AI supremacy race, said Nvidia The new rules are designed to respond to the risk that its products can be “used or diverted to a supercomputer in China”.
The flea designer now plans to declare $ 5.5 billion in costs in its financial quarter which ends on April 27, due to the H20 flea actions and sales commitments.
Nvidia, whose chips have contributed to generating enormous developments in artificial intelligence technology in recent years, has produced extraordinary yields for its investors. Its shares have increased by more than 1,400% since 2020, making it one of the few companies in the United States worth billions of dollars.
However, the news made NVIDIA shares on Tuesday dropped by approximately 6% in the after-hour in the United States, which could erase billions of its market value to the opening bell on Wednesday.
A sale of flea people has already started in Asia, with South Korean semiconductor companies such as Samsung Electronics and SK Hynix falling up to 3% of the day after. The actions of the American competitor Advanced Micro Devices also dropped 7% in exchanges after opening hours.
While so far, the flea industry has been exempt from the 10% tariffs that started on April 5, Trump said that he would announce a sample from semiconductors imported this week, adding that there could be a certain flexibility for certain companies in the sector.
This week, the American trade department initiated an investigation In the impact of imports of flea and pharmaceutical products on US national security.
The United States is based strongly on the imported fleas of Taiwan. Trump placed a 32% price on the country’s products, although it was suspended with almost all of his “reciprocal” prices last week.
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Tuesday, Nvidia announced separately that he planned to accumulate $ 500 billion (378 billion pounds sterling) of AI infrastructure in the United States Over the next four years, when it begins to strengthen its presence in American manufacturing. Nvidia designs its chips but subcontracts production to entrepreneurs such as the Taiwan Semiconductor Manufacturing Company.
US officials under the Biden administration first prohibited Nvidia and other IA flea manufacturers from selling their most advanced chips at China In October 2022. Chinese officials have since increased their own controls on the tools and processors necessary to build semiconductors.