(Reuters) - Advanced Micro Devices (NASDAQ:AMD) expects charges of up to $800 million due to the latest curbs by the Trump administration on exports of advanced processors to China, the company said on Wednesday. Larger rival Nvidia (NASDAQ:NVDA) said on Tuesday it would take $5.5 billion in charges as the export restrictions further shackle chipmakers’ ability to service one of their largest ma ...
Investing.com - Advanced Micro Devices (NASDAQ:AMD) has warned that it expects to incur a charge of up to around $800 million due to new U.S. export controls on high-end artificial intelligence chips to China.In a filing on Wednesday, AMD said it had completed an initial assessment of the updated restrictions a day earlier, noting that the rules would apply to its MI308 chips.A spokesperson f ...
By Lawrence Delevingne and Harry RobertsonBOSTON/LONDON (Reuters) - Global shares fell on Wednesday, with gold trading at record highs and the dollar languishing, as U.S. restrictions on chip sales to China and continued tariff uncertainty battered tech stocks.Washington issued new export licensing requirements for sales of Nvidia (NASDAQ:NVDA)’s H20 and AMD (NASDAQ:AMD)’s MI308 artificial int ...
By Lisa Pauline Mattackal and Purvi Agarwal(Reuters) - Wall Street’s main indexes slid on Wednesday, with chipmakers leading declines as Nvidia (NASDAQ:NVDA) warned of steep charges from new U.S. curbs on its chip exports to China, making it one of the biggest casualties of the trade war between the two countries.Global chip stocks took a battering as U.S. President Donald Trump’s shifting tra ...