Nvidia Sounds Fresh Warning About Damage From China Export Rules

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Nvidia Sounds Fresh Warning About Damage From China Export Rules

Bloomberg2023-08-24

(Bloomberg) -- Nvidia Corp. acknowledged that the US may impose stronger restrictions on the sale of chips to China and warned that such a move will hurt American companies in the long term, ...

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Huawei Building Secret Network for Chips, Trade Group Warns. Wagner Chief Prigozhin Was in Deadly Jet Crash, Russia Says. QQQ Up in Late Hours on Nvidia’s Bullish Forecast: Markets Wrap. GoldmanIs Cracking Down on Employees That Aren't in Office Five Days a Week. Read More: How US and Allies Are Trying to Rein In China Tech. The leading association of global chip companies, meanwhile, is warning that Huawei Technologies Co. is building a collection of secret semiconductor-fabrication facilities across China — a shadow manufacturing network that would let the blacklisted company skirt US sanctions and","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4533":"AQR资本管理(全球第二大对冲基金)","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4587":"ChatGPT概念","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4535":"淡马锡持仓","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","BK4141":"半导体产品","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4579":"人工智能","BK4551":"寇图资本持仓","NVDA":"英伟达","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4575":"芯片概念","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4512":"苹果概念","BK4534":"瑞士信贷持仓","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","INTC":"英特尔","BK4529":"IDC概念","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0079474960.USD":"联博美国增长基金A","LU0056508442.USD":"贝莱德世界科技基金A2","BK4554":"元宇宙及AR概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4515":"5G概念","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4567":"ESG概念","LU0109392836.USD":"富兰克林科技股A"},"translate_title":"英伟达对中国出口规则的损害发出新的警告","themeId":"c6bc5cea51b34b69a5c11356243f3324","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":1,"INTC":0.66},"content_text":"(Bloomberg) -- Nvidia Corp. acknowledged that the US may impose stronger restrictions on the sale of chips to China and warned that such a move will hurt American companies in the long term, reiterating a broadly held view among top chipmakers.\nMost Read from Bloomberg\n\nWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports Say\nHuawei Building Secret Network for Chips, Trade Group Warns\nWagner Chief Prigozhin Was in Deadly Jet Crash, Russia Says\nQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Markets Wrap\nGoldman Is Cracking Down on Employees That Aren't in Office Five Days a Week\n\nNvidia Chief Financial Officer Colette Kress, speaking on a conference call with analysts late Wednesday, argued that existing curbs on the sale of AI chips and high-end components were already having the desired effect. The company is currently prohibited from offering its high-end graphics processing unit, or GPU, in the country — though it sells a less powerful version of the chip in China. \n“Over the long term, restrictions prohibiting the sale of our data center GPUs to China, if implemented, will result in a permanent loss of an opportunity for the US industry to compete and lead in one of the world’s largest markets,” Kress said following Nvidia’s earnings announcement. The finance chief said she was addressing reports on the potential for increased regulations “on our exports to China.”\nRead More: How US and Allies Are Trying to Rein In China Tech\nIn the more immediate term, though, stricter rules wouldn’t take a heavy toll on Nvidia’s finances, she said.\n“Given the strength of demand for our products worldwide, we do not anticipate that additional export restrictions on our data center GPUs, if adopted, would have an immediate material impact to our financial results,” Kress said.\nKress’s boss, Chief Executive Officer Jensen Huang, recently joined counterparts from Intel Corp. and Qualcomm Inc. in a visit to Washington to argue for a pause in escalations of export controls. The Biden administration says restrictions are needed to safeguard US national interests and prevent the advancement of China’s military.\nBloomberg has reported that further restrictions are being considered that would limit Nvidia’s ability to ship to the Asian nation — the biggest market for semiconductors.\nRead More: Huawei Building Secret Network for Chips, Trade Group Warns\nNvidia, benefiting from an industrywide race toward artificial intelligence computing, delivered a third-straight sales forecast that surpassed Wall Street estimates Wednesday. That fueled a 6% share rally in late trading. The company gets about two-thirds of its sales from outside the US, though it doesn’t disclose revenue in China.\nThe leading association of global chip companies, meanwhile, is warning that Huawei Technologies Co. is building a collection of secret semiconductor-fabrication facilities across China — a shadow manufacturing network that would let the blacklisted company skirt US sanctions and further the nation’s technology ambitions — Bloomberg News has reported.\nMost Read from Bloomberg Businessweek\n\nSorry, But LinkedIn Is Cool Now\nChina’s Debt-Fueled Housing Market Is Having a Meltdown, Again\nDrug Benefit Firms Devise New Fees That Go to Them, Not Clients\nNever Mind Shrinking Households, Builders Are Adding Bedrooms\nCow-Free Dairy Wants to Beat the Fake Foods Curse, But First … Those Prices\n\n©2023 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}