The announcement signals a major escalation of the U.S. crackdown on China’s technological capabilities as tensions bubble over the fate of Taiwan, where chips for Nvidia and almost every other major chip firm are manufactured. […] Nvidia said it had booked $400 million in sales of the affected chips this quarter to China that could be lost if Chinese firms decide not to buy alternative Nvidia products. It said it plans to apply for exemptions to the rule but has “no assurances” that U.S. officials will grant them. Stacy Rasgon, a financial analyst with Bernstein, said the disclosure signaled that about 10% of Nvidia’s data center sales, which investors have closely monitored in recent years, were coming from China and that the hit to sales was likely “manageable” for Nvidia.
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