Beijing/California, April 16 -- With the ongoing US-China trade war, chip manufacturing giant Nvidia is expecting to be hit with a loss of $5.5 billion after Washington clamped down on its export of artificial intelligence chips to Beijing.
Nvidia, which has been at the heart of the artificial intelligence (AI) boom, will require licences to export its H20 AI chip to China, which has been one of its most popular, according to BBC.
The group said in a regulatory filing late on Tuesday that the H20 chip, which is tailored for the Chinese market to comply with export controls that already prevent the sale of its most powerful chips in China, would now require a special licence to sell to customers there.
Nvidia said the US had said the move...