© Reuters. FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California, February 11, 2015. REUTERS/Robert Galbraith/File Photo
(Reuters) – Nvidia Corp said on Thursday that the US government had authorized the export and domestic remittances needed to complete development on the company’s H100 artificial intelligence chip.
The chip designer has also been allowed to fulfill orders for AI chips A100 and H100 through the facility in Hong Kong until September 1, 2023.
U.S. officials told Nvidia (NASDAQ:) on Wednesday to stop exporting two of its flagship computer chips for AI work to China, a move the company said would hamper development. of the H100.
The company said on Thursday, Washington has also authorized it to carry out the necessary export operations to provide support to US customers of the A100 through March 1, 2023.
The company’s shares fell 4% in pre-market trading on concerns that the US ban could affect Nvidia’s business in key China.
Rival Advanced Micro Devices (NASDAQ:) Inc also said on Wednesday that US officials had asked it to stop exporting its flagship artificial intelligence chip to China.