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Nvidia headquarters in Santa Clara, Calif., on Tuesday, February 23, 2021.

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Nvidia shares fell 6.5% in prolonged buying and selling on Wednesday after the corporate stated the US authorities is limiting gross sales in China.

In an SEC submitting, Nvidia stated the US authorities knowledgeable the corporate on August 26 of a brand new licensing requirement for future exports to China, together with Hong Kong, to scale back the chance that merchandise can be utilized by the Chinese language military.

Nvidia stated the restriction would have an effect on A100 and H100 merchandise, that are graphics processing items bought to companies.

“The license requirement additionally consists of any future Nvidia built-in circuits that obtain peak efficiency and chip-to-chip I/O efficiency equal to or higher than thresholds which might be roughly equal to the A100, in addition to any methods that embody these circuits”. the presentation stated.

The corporate expects it might lose $400 million in potential gross sales in China within the present quarter after beforehand forecasting income of $5.9 billion. The brand new rule additionally applies to gross sales to Russia, however Nvidia stated it has no paying clients there.

Lately, the US authorities has positioned growing export restrictions on chips made with US know-how over fears that Chinese language firms might use them for army functions or steal commerce secrets and techniques.

Nvidia stated it was making use of for a license to proceed some Chinese language exports, however does not know if the US authorities will grant an exemption.

“We’re working with our clients in China to fulfill their deliberate or future purchases with different merchandise and should search licenses when replacements will not be sufficient,” an Nvidia spokesperson advised CNBC. “The one present merchandise that the brand new license requirement applies to are the A100, H100, and methods like DGX that embody them.”

An AMD consultant confirmed to CNBC that it had additionally acquired new licensing necessities from the US Division of Commerce that it believed utilized to its MI250 circuitry, which is meant for synthetic intelligence. AMD stated it didn’t imagine the brand new necessities would have a fabric impression on its enterprise.

In a press release to CNBC, a division spokesperson stated: “Whereas we aren’t able to stipulate particular coverage modifications presently, we’re taking a complete method to implementing further needed actions associated to applied sciences, finish makes use of and finish customers.” to guard the nationwide safety of the US and international coverage pursuits.”

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