Nvidia's financial chief said restrictions on exports of artificial intelligence chips to China 'would result in a permanent loss of opportunities for the U.S. industry' though the company expected no immediate material impact.
A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake/File Photofinancial chief said restrictions on exports of artificial intelligence chips to China "would result in a permanent loss of opportunities for the U.S. industry" though the company expected no immediate material impact.
"Over the long term, restrictions prohibiting the sale of our datacenter graphic processing units to China, if implemented, would 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 impact on our future business and financial results," Nvidia's Chief Financial Officer Colette Kress said.
In September, Nvidia had said U.S. officials asked the company to stop exporting two top computing chips for AI work to China. Nvidia then started offering a new advanced chip called the A800 in China to meet export control rules.
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