Nvidia unveils $5.5B charge to comply with Trump rule
Nvidia revealed Tuesday the Trump administration's tighter export controls on computer chips will cost the company $5.5 billion.
In a filing Tuesday with the Securities and Exchange Commission (SEC), Nvidia said it will take a $5.5 billion charge for the exporting of its H20 graphics processing units to China. Exports of a similar bandwidth are also subject to the same licensing requirements, according to the filing.
The licensing requirements are related to the risk that Nvidia's products would be "used in or diverted to" a supercomputer in China, the company wrote.
Shares of the tech company........
© The Hill
