On Tuesday, NVIDIA announced that it will incur $ 5.5 billion. fees after the US government said that it would require a license to export its H20 microprocessor to China, which is one of the most popular chips.
TOnly one of the companies that can bear the huge costs of Donald Trump's administration duties. According to Bloomberg, NVIDIA restrictions and ASML warning cause a global decrease in company share prices that deal with the technology necessary for AI and semiconductors.
See also: Nvidia lost over $ 500 billion. in a few hours. Speculators have no mercy
The actions of technology companies have fallen when new restrictions on the US government regarding the export of Nvidia Corp chip. To China and the disappointing ASML Holding NV report, the prospects for semiconductor sector overshadowed, destroying over $ 180 billion. market value only for these two companies.
As Bloomberg notes, Nvidia fell by as much as 7 percent contributing to the drop in the NASDAQ 100 index by 1.7 percent. In turn, the value of the Dutch manufacturer of ASML chip equipment dropped by 5.7 percent. The sale of shares of semiconductor companies over the past three months has already leveled market capitalization worth about $ 2 trillion.
Nvidia actions are falling. This is the result of the severe decision of the US government
As BBC explains, a company that was in the center of a boom for artificial intelligence (AI), will need a license to export your H20 AI chip to Chinawhich was one of the most popular.
These rules appear in the face of the escalation of the trade war between the United States and China, and both countries introduce high commercial duties covering various goods.
Nvidia announced on Tuesday that The US government informed her last week that the H20 chip requires permission to sell to China, including Hong Kong.
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The technological giant stated that Federal officials informed them that the requirement to have a license “will apply in the undefined future“.
“The government indicated that the license requirement refers to the risk that the license -covered products can be used or redirected to supercomputers in China,” explained Nvidia, and the words of its representative cites the BBC.
