The U.S. Government Gives Nvidia the Green Light: It Can Continue to Sell High-end GPUs to China for One Year!

The United States announced on September 1 that it will strengthen the control of artificial intelligence chips exported to China, prohibiting some high-end GPU products of AMD and NVIDIA from being exported to China without obtaining a license. Affected by this, Nvidia’s stock price plunged 11% at one point, and about $40 billion in stock market value has evaporated.

According to a report on September 2, one day after the news was fermented, Nvidia disclosed the latest progress last night, saying that it has obtained approval from the US government and can continue to provide A100 for products exported to US customers (to China) before March next year. Continue to fulfill orders for A100 and H100 by September next year.

Nvidia's SEC statement filed with the SEC on September 1

Nvidia's latest announcement states that the U.S. government has authorized the export, re-export and domestic transfer requirements for its H100 GPUs. In addition, the A100 GPU product has also been relaxed for half a year, allowing NVIDIA to provide the necessary export support for the A100 to US customers before March 1, 2023. Moreover, until September 1, 2023, order fulfillment and logistics for NVIDIA H100 and A100 products can be done through Hong Kong.

Judging from the news, the U.S. government has given Nvidia a one-year buffer period. As for Nvidia's rival AMD, at this stage, it has not announced any information on obtaining a similar temporary export license from the US government.

In response to the U.S. government’s new export licensing measures, the outside world is believed to be a major change in the U.S. attitude toward China’s manufacturing and use of advanced chips. Because after Biden came to power, the US Department of Commerce's attitude towards exporting chip technology to China is an attempt to restrain China from developing and manufacturing a new generation of chips. Therefore, the export of equipment, software, and services that develop chips must be reviewed by the US government. The new export license mainly prevents China's artificial intelligence application from becoming more sophisticated.

The U.S. Department of Commerce further stated that although specific policy changes cannot be specified at this time, it is taking actions related to technology, end-use and end-users to prevent China from gaining access to U.S. technology and promoting military modernization.

China's response: In response to the US setting a threshold to prevent the sale of high-end GPUs, on September 1, the spokespersons of the Chinese Ministry of Foreign Affairs and the Ministry of Commerce respectively responded to the matter.

Chinese Foreign Ministry spokesman Wang Wenbin said: "The U.S. approach is typical of 'technological hegemony'. The United States has repeatedly generalized the concept of national security, abused national power, and attempted to use its own technological advantages to contain and suppress the development of emerging markets and developing countries. This move violates the rules of the market economy, undermines the international economic and trade order, and disrupts the stability of the global industrial chain and supply chain. China firmly opposes this. "

"The U.S. politicizes, instrumentalizes, and weaponizes technology and economic and trade issues, engages in "technological blockade" and "technological decoupling," in an attempt to monopolize the world's advanced technology, maintain its own technological hegemony, and undermine the global industrial chain and supply chain of close cooperation. Doomed to fail. "Wang Wenbin emphasized.

China's Ministry of Commerce spokesperson Shu Jueting also said: "The Chinese side has noticed the relevant situation. For some time, the United States has been abusing export control measures to restrict the export of semiconductor-related items to China. China is firmly opposed to this."

Shu Jueting said: "The relevant practices of the United States deviated from the principle of fair competition and violated international economic and trade rules, which not only harmed the legitimate rights and interests of Chinese companies, but also seriously affected the interests of American companies, hindered international scientific and technological exchanges and economic and trade cooperation, and affected the global industrial chain and supply chain. Stability and the recovery of the world economy have had an impact. The U.S. side should immediately stop wrongdoing, treat companies from all over the world including Chinese companies fairly, and do more things that are conducive to world economic stability.”

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