NVIDIA and AMD will not be able to sell graphic processors to Russia and China due to the ban on the USA – Bits Media

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Nvidia и AMD не смогут продавать графические процессоры в Россию и Китай из-за запрета США - Bits Media

The US government has introduced new licensing export requirements, According to which companies are prohibited from selling high -tech products to Russia and China.

This became known from the statement, submitted to the US Securities and Exchange Commission (SEC) NVIDIA. The restriction applies to the NVIDIA graphic processors of the A100 Tensor Core and H100 series, several times higher than the calculation performance. The ban was introduced by the US authorities 26 August to eliminate risk, that products, manufactured by American technology, can be used by Chinese and Russian companies for military purposes.

According to preliminary forecasts of NVIDIA analysts, the company's revenue over the third quarter will decrease to $5.9 billion. This is due to that, that the company can receive no $400 Milln from Chinese users. The news led to that, What is on Wednesday, 31 August, Nvidia shares fell on 6.5%. NVIDIA has applied to the regulators to obtain a license, which would allow companies to continue to export its products to China, But the leadership is not sure, that the US government will make an exception.

Representative of the manufacturing graphic processors of AMD, The main competitor NVIDIA, Also announced the receipt of new requirements for export licenses from the US Department. Requirements apply to the Mi250 chip, used to work with artificial intelligence. However, AMD hastened to assure, that the new requirements will not have a strong negative impact on her business.

Due to sanctions against Russia, introduced after the start of the military operation in Ukraine, The Japanese mining company SBI Crypto stopped working on the territory of the Russian Federation. In April, the US Department of Finance added to the sanctions list the Russian company Bitriver, occupied by the prey of cryptocurrencies. However, the leadership of Bitriver called the actions of the US government unreasonable and intends to challenge them in court.