US Chipmaker Ordered To Halt Sales Of Semiconductors To China

By News on the Net -- Daily Caller —— Bio and Archives September 1, 2022

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American chipmaker Nvidia announced in a Wednesday quarterly report that the U.S. government informed them of a new license requirement that would prohibit the sale of two advanced chips to China and Russia. The U.S. government was concerned that the chips, which have applications in artificial intelligence work, might be co-opted by the Chinese or Russian militaries, according to Nvidia’s quarter two report. The chips were expected to generate $400 million in quarterly sales, revenue which is now in jeopardy from the new restriction, according to Reuters. (RELATED: Apple Might Have To Delay Its New iPhone Thanks To Chinese Crackdown)-- More...