Nvidia Says It Follows US Government Instructions On What It Can Sell And Where Amid Trade War Escalation With China

Quick Summary:

What Happened: In a statement issued on Wednesday, the company addressed a House Select Committee's inquiry into the sale of its H20 processors, which recently became subject to new export restrictions, reported CNBC.“The U.S.government instructs American businesses on what they can sell and where — we follow the government's directions to the letter,” an Nvidia representative stated.

This statement came a day after the company warned it could face a $5.5 billion financial hit due to the canceled H20 chip orders, which the government has now classified as requiring a license for export to China.Nvidia's H20 chips ...

On Wednesday, Nvidia Corporation (NASDAQ:NVDA) responded to a national security investigation, defending its compliance with U.S.export rules following the escalated restrictions on AI chip sales to China.

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Author / Journalist: Ananya Gairola

Category: Technology

Markets: United StatesChina

Topics: Benzinga neuro Stories That Matter DeepSeek Joe Biden US67066G1040 H20 Tariffs General Tech Donald Trump NVDA Benzinga AI Chips News

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-17 @ 03:41:35 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 20 lines

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Copyright Owner: © Benzinga

News ID: 27959077

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