Nvidia says it does not expect new U.S. export hit its business

– Nvidia Corp on Friday stated it doesn't anticipate new U.S. export management guidelines in opposition to sending chips to Chinese language supercomputing programs to have a fabric have an effect on on its enterprise.

Nvidia stated the it had already been made topic to guidelines, which it disclosed to traders final month, saying that they may affect $400 million of its gross sales in China for its present fiscal quarter.

“We don’t anticipate the brand new controls, together with restrictions on gross sales for extremely dense programs, to have a fabric affect on our enterprise,” the corporate stated in a press release.

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