A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights
Oct 24 (Reuters) – Chip designer Nvidia (NVDA.O) said new U.S. export curbs that block the sale of its high-end artificial intelligence chips to China came into effect on Monday as regulators advanced the timeline.
The restrictions were supposed to come into play 30 days from Oct. 17 when the Biden administration unveiled measures to stop countries, including China, Iran and Russia, from receiving advanced AI chips designed by Nvidia and others.
Nvidia does not expect a near-term impact on its earnings from this move, it disclosed in a filing on Tuesday, but did not say why the U.S. government had accelerated the timing.
AMD, also impacted by the curbs, did not immediately respond to a Reuters request for comment.
The restrictions disallow exports of Nvidia’s modified advanced AI chips A800 and H800 – both of which it had created for the Chinese market to comply with previous export rules.
The Nvidia A100, H100, and L40S chips are also impacted by the curbs.
Reporting by Aditya Soni in Bengaluru; Editing by Arun Koyyur
Our Standards: The Thomson Reuters Trust Principles.