Nvidia Sounds Fresh Warning About China Export Rules

(Bloomberg) — Nvidia Corp. acknowledged that the U.S. may impose stronger restrictions on the sale of chips to China and warned that such a move will hurt American companies in the long term, reiterating a broadly held view among top chipmakers.

Nvidia Chief Financial Officer Colette Kress, speaking on a conference call with analysts late Wednesday, argued that existing curbs on the sale of AI chips and high-end components were already having the desired effect. The company is currently prohibited from offering its high-end graphics processing unit, or GPU, in the country — though it sells a less powerful version of the chip in China.