Nvidia Says New US AI Chip Export Restrictions Took Effect Earlier Than Expected, Impacting Sales To China

Nvidia says new US export curbs on its high-end AI chips came into effect earlier than expected, just a week after being announced instead of after 30 days.

The curbs stop China, Russia, Iran from receiving advanced AI chips from Nvidia and others.

Nvidia does not expect a near-term financial impact but did not explain why rules were accelerated.

AMD also impacted but has not commented yet.

Restrictions apply to certain Nvidia chips including A800, H800, A100, H100 and L40S.