{"id":849689,"date":"2025-05-20T09:11:36","date_gmt":"2025-05-20T14:11:36","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/20\/deeply-painful-nvidia-ceo-says-a-new-chip-ban-has-cost-it-15-billion\/"},"modified":"2025-05-20T09:11:36","modified_gmt":"2025-05-20T14:11:36","slug":"deeply-painful-nvidia-ceo-says-a-new-chip-ban-has-cost-it-15-billion","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/20\/deeply-painful-nvidia-ceo-says-a-new-chip-ban-has-cost-it-15-billion\/","title":{"rendered":"‘Deeply painful’: Nvidia CEO says a new chip ban has cost it $15 billion"},"content":{"rendered":"
\n
\n
\n

<\/p>\n

\"Image<\/picture><\/div>\n

<\/span><\/p>\n

Photo: Slaven Vlasic (Getty Images)<\/figcaption><\/p>\n<\/div>\n

<\/span><\/figure>\n

\n
\n
In This Story<\/h6>\n<\/section>\n

President Donald Trump\u2019s escalating trade war has cost Nvidia (NVDA<\/a><\/span>) $15 billion in business, the company\u2019s CEO said Monday.<\/p>\n

\n

Suggested Reading<\/h4>\n<\/div>\n
\n
\n

How Trump\u2019s tariffs could make your iPhone cost $3,500<\/p>\n<\/div>\n

\n

Suggested Reading<\/h4>\n<\/div>\n

Jensen Huang made the comments during an interview<\/a><\/span> with tech analyst Ben Thompson at the Computex trade show<\/a><\/span> in Taipei. He said that America\u2019s restrictions against exporting its H20 chips in China has had an unprecedented impact on the firm.<\/p>\n

\u201cWe\u2019ve written off \u2014 I think it\u2019s $5.5 billion. No company in history has ever written off that much inventory, so this additional ban on Nvidia\u2019s H20 is deeply painful,\u201d Huang said. He continued: It\u2019s \u201cenormously costly. Not only am I losing $5.5 billion, we wrote off $5.5 billion, we walked away from $15 billion of sales and probably \u2014 what is it? \u2014 $3 billion worth of taxes.\u201d<\/p>\n

Nvidia designed the H20 chip to comply<\/a><\/span> with the Biden administration\u2019s export rules. But those rules became even stricter<\/a><\/span> under Trump and barred Nvidia from selling the chips in China, even after the company pared down their capabilities.<\/p>\n

While this is the first time Huang has cited a dollar amount publicly, it shouldn\u2019t come as a huge surprise. Wall Street analysts had estimated that Nvidia would suffer a hit of between $10 and $16 billion as a result of the ban.<\/p>\n

Nvidia is the world\u2019s most valuable chipmaker with a market capitalization of about $3.3 trillion. But its stock is down 2.1% so far this year amid the ongoing trade war.<\/p>\n

Meanwhile, while the U.S. limits its tech exports to the country, Chinese tech firms have put renewed focus on manufacturing chips in-house. Xiaomi said Monday thatit will invest at least $6.9 billion<\/a><\/span> over the next decade to develop its own chips. In April, Huawei announced that it was getting ready to test powerful, new AI chips that could rival those made by Nvidia.<\/p>\n

Beijing has slammed the U.S. approach and Trump\u2019s attempts to pressure other countries to cut their own trade with China. Earlier this month, China\u2019s foreign ministry said it firmly opposes any trade agreements between the U.S. and third-party countries \u201cat the expense of China,\u201d framing the moves as aggressive rather than defensive.<\/p>\n

\u2014Catherine Baab contributed to this article.<\/em><\/p>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Kevin Ryan<\/p>\n","protected":false},"excerpt":{"rendered":"

Photo: Slaven Vlasic (Getty Images) In This Story President Donald Trump\u2019s escalating trade war has cost Nvidia ( NVDA ) $15 billion in business, the company\u2019s CEO said Monday. Suggested Reading How Trump\u2019s tariffs could make your iPhone cost $3,500 Suggested Reading Jensen Huang made the comments during an interview with tech analyst Ben Thompson<\/p>\n","protected":false},"author":1,"featured_media":849690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31822,31526],"tags":[],"class_list":["post-849689","post","type-post","status-publish","format-standard","has-post-thumbnail","category-deeply","category-painful"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/849689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=849689"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/849689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/849690"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=849689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=849689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=849689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}