Nvidia Says Prohibiting It From Selling AI Chips To China Will Lead To 'Loss Of Opportunities' In US: WSJ
Portfolio Pulse from Benzinga Newsbot
Nvidia Inc. warns that the American chip industry could face significant long-term costs if new restrictions on the sale of artificial intelligence (AI) semiconductors to China are implemented. The proposed export controls would require chip makers like Nvidia to obtain a license before shipping chips used to create powerful AI systems to China. Chip makers, including Intel Inc. and Nvidia, are lobbying the administration to ease any new restrictions or drop them altogether.
June 29, 2023 | 10:26 am
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Intel, along with Nvidia, is lobbying the administration to ease any new restrictions or drop them altogether on AI chip sales to China.
Intel, being a major player in the chip industry, could also be significantly impacted by the proposed export controls. The company's efforts to lobby against these restrictions indicate the potential negative impact on its business and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia warns of significant long-term costs if new restrictions on AI chip sales to China are implemented. The company is lobbying to ease or drop these restrictions.
The proposed export controls could potentially impact Nvidia's ability to sell its AI chips to one of the world's largest markets, China. This could lead to a significant loss of opportunities and negatively impact the company's revenues and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100