Day: April 16, 2025
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Nvidia Faces $5.5 Billion Setback from Unexpected China Chip Controls
Nvidia, the juggernaut driving the global AI chip industry, is facing an unexpected blow after the United States government imposed newly tightened export restrictions aimed at curbing high-level semiconductor sales to China. As a direct consequence, Nvidia disclosed that it stands to lose orders worth as much as $5.5 billion in a single quarter. This…