Commerce Secretary Sends Strong Message to AI Chipmakers: National Security Matters More Than Short-Term Revenue

Name: Commerce Secretary Sends Strong Message to AI Chipmakers: National Security Matters More Than Short-Term Revenue
Uploaded: 2023-12-05T22:01:22+00:00
Duration: 42 s
Channel: Benzinga
Description: Commerce Secretary Gina RA-Mando warned AI chipmakers that redesigning their products to circumvent export controls will see the modified chips banned as well. Around a quarter of Nvidia's data center segment revenue, which generated $14.5 billion last quarter, comes from countries under export controls like China. Nvidia expects sales to these countries to significantly decline this quarter.

Benzinga

Commerce Secretary Gina RA-Mando warned AI chipmakers that redesigning their products to circumvent export controls will see the modified chips banned as well. Around a quarter of Nvidia's data center segment revenue, which generated $14.5 billion last quarter, comes from countries under export controls like China. Nvidia expects sales to these countries to significantly decline this quarter.

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