New federal restrictions on the sale of artificial intelligence semiconductors to China could lead to major financial losses for the American chip industry, Nvidia warned Thursday.
The new export controls would prevent the company and other chip makers from exporting chips used to create powerful AI systems to China.
The consequences of these new rules, if imposed, could be severe, said Colette Kress, Nvidia’s chief financial officer.
“Over the long term, restrictions prohibiting the sale of our [AI chips] to China will result in a permanent loss of opportunities for the U.S. industry to compete and lead in one of the world’s largest markets, and the impact on our future business and financial results is there,” she said in a press briefing.
