Nvidia Corp., the most valuable semiconductor company in the world, is facing billions in lost revenue after U.S. export controls forced the tech giant to halt shipments of one of its key products to China.
In its May 28 earnings report, Nvidia announced a multi-billion-dollar write-off tied to its China-specific H20 graphics processing unit. The chip was explicitly designed to comply with prior rounds of U.S. restrictions. The U.S. government informed Nvidia in April that the H20 no longer met its export requirements. This effectively shut the door on what had been a vital market for the company.
