The U.S. government said it would require export licenses for some artificial-intelligence chips made by Nvidia and AMD. “The Commerce Department is issuing new export licensing requirements on the NVIDIA H20,

Nvidia on Tuesday notified regulators that it expects a $5.5 billion hit this quarter due to a new US licensing requirement on the primary chip it can legally sell in China. US officials last week told Nvidia it must obtain licenses to export its H20 chips to China because of concerns they may be used in supercomputers there,