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24x7Report > Blog > Finance > Nvidia’s $5 Billion of China Orders in Limbo After Latest U.S. Curbs
Finance

Nvidia’s $5 Billion of China Orders in Limbo After Latest U.S. Curbs

Last updated: 2023/10/31 at 5:21 AM
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Nvidia’s $5 Billion of China Orders in Limbo After Latest U.S. Curbs
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Up to date Oct. 31, 2023 12:36 am ET

SINGAPORE—New U.S. export controls could compel artificial-intelligence large Nvidia to cancel billions of {dollars} in next-year orders for its superior chips to China, a transfer that might deprive Chinese language tech firms of essential AI sources.

The Santa Clara, Calif.-based firm had already completed delivering orders of its superior AI chips to China for this 12 months, in line with individuals accustomed to the matter, and was pushing to ship some 2024 orders upfront earlier than the brand new guidelines had been scheduled to come back into impact in mid-November.

Copyright ©2023 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

See also  China struggles with weak post-COVID economic recovery

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