To: y2kate who wrote (90986 ) 10/31/2023 7:53:41 AM From: Julius Wong 1 RecommendationRecommended By
Respond to U.S. chip curbs put Nvidia's $5B of China orders at risk - report Jessica Kuruthukulangara , SA News EditorNVDA ) to cancel billions of dollars worth of orders to China due next year, the Wall Street Journal reported, citing people familiar with the matter.NVDA ) last week that the export controls were effective "immediately."BABA ), TikTok owner ByteDance ( BDNCE ) and Baidu ( BIDU ) had all made large orders for delivery in 2024, according to the sources cited by the report . Next-year orders from major Chinese firms is said to have exceeded $5B.NVDA ) is pursuing additional supply and plans to allocate its advanced AI computing systems, which use graphics chips impacted by the curbs, to customers in the U.S. and abroad, a company spokesperson said. It also stopped taking new AI chip orders from China.NVDA ) is expected to be the most affected, as its AI chips are the most advanced and widely deployed. The chipmaking giant does not expect a near-term meaningful impact on its results, given the worldwide demand for its products.material uncertainty for a region driving 20%-25% of demand," Morgan Stanley had warned.
