Biden Cracks Down on Nvidia's AI Chip Exports to China

Nvidia tweaked its AI chips to get around US export bans to China, but Biden is closing this loophole.

Nvidia's business in China is critical - it was expecting $400M in quarterly sales before the ban.

Nvidia unveiled new A800 and H800 chips for China with lower data transfer rates that skirted the ban.

The White House is concerned China could use advanced AI chips to bolster its military capabilities.

A war over Taiwan would be disastrous for global chip supply, as Nvidia relies on Taiwanese chipmaker TSMC.