New Delhi, June 5 -- Nvidia, the world's top chipmaker isn't immune to the unpredictable fallout of global politics. Last week, as the company reported another strong earnings report, CEO Jensen Huang revealed the sobering news of a $4.5 billion write-off for chips that were supposed to be sent to China and now have nowhere to go.

Huang said during the earnings call that, "We are taking a multibillion dollar write off on inventory that cannot be sold or repurposed," quoted Fortune.

The chips, which have led to the massive loss, known as the H20 chips, were designed by Nvidia specifically for Chinese clients to meet earlier US export restrictions, according to the report. These chips weren't top-of-the-line, but they were still advanced ...