The United States has been imposing sanctions on China for a long time. These sanctions have also been affecting many important names in the world of technology. One of these is Nvidia. According to emerging reports, Nvidia is canceling a billion-dollar chip sale due to these sanctions.
Nvidia to cancel $5 billion chip sale!
The United States has long been imposing various sanctions on China. However, important names in the world of technology are also among those affected by these sanctions. Nvidia is one of these names, but according to recent news, Nvidia is facing a significant obstacle.
Nvidia has earned significant revenue, especially in recent times, alongside the widespread presence of artificial intelligence in every aspect of life. However, the chip embargo imposed by the United States is hindering the company in this regard, leading to significant losses in Nvidia’s major sales.
Nvidia may be developing an Arm-based processor. New claims showed that the company is working on a Windows chip to rival Intel.
Finally, Nvidia had to cancel its planned $5 billion chip trade to China. The reason for this is, of course, the chip embargo imposed on China. Most of the orders placed are for Nvidia H800 and A800 accelerators.
With the recent move by the United States, access to these chips has also been restricted. Consequently, Nvidia needs to find alternative buyers. However, finding someone to take up such a large number of orders seems to be quite challenging.
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