calcalist.co.il (nprofile…m2lw)
✍️ Anvidia announced a $5.5 billion write-down due to export restrictions imposed by the US government on its H20 chip sales to China.
👉 Anvidia announced a $5.5 billion write-down due to export restrictions imposed by the US government on its H20 chip sales to China.
👉 The US government is now requiring a license for the export of H20 chips to China, which is expected to be denied.
👉 Anvidia exports older, more outdated artificial intelligence chips to China, whereas its H100 and H200 chips are sold in the US and other countries.
👉 The company's annual sales to China are estimated to be between $12-15 billion, making it the company's fourth-largest market.
#GilLorria,analystatD.A.Davison #China #US #business
quotingcalcalist.co.il (nprofile…m2lw)
nevent1q…xygc
The giant of the rings announced a profit warning due to the new restrictions imposed by the White House on the export of its rings to China: The US government informed the company that it requires a license to export to China (including Hong Kong and Macau)... of integrated circuits. The company decided to cancel the registration in the first quarter reports due to the expectation that it will not receive the required license.
https://www.calcalist.co.il/market/article/h1008792c1x