Chip manufacturer Nvidia (NVDA.O) stated that new export restrictions imposed by the United States that prohibit the sale of its high-end artificial intelligence processors to China went into force on Monday due to authorities accelerating the deadline.
After the announcement on October 17 of new steps by the Biden administration to prevent nations such as China, Iran, and Russia from getting powerful artificial intelligence processors made by Nvidia and others, the limitations were due to go into effect thirty days later.
Nvidia acknowledged in a filing on Tuesday that it does not expect this action to have a near-term impact on its profitability. However, the company did not indicate why the United States government has accelerated the move timetable.
AMD, another company that the limitations would harm, did not immediately answer requests for comment from Reuters, while the United States Department of Commerce declined to comment.
The limitations forbid Nvidia from exporting customized versions of its powerful AI processors, the A800 and H800. Nvidia had developed these chips specifically for the Chinese market to comply with earlier export regulations.
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