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Intel seems to be start feeling the heat from Washington’s latest AI chip export curbs. Following NVIDIA and AMD, Team Blue now needs a license to sell certain high-end AI chips—like its Gaudi series—to the Chinese market, according to Reuters, citing Financial Times.
The reports suggest that Intel told clients last week that AI chips hitting certain performance thresholds—like 1,400 GB/s DRAM bandwidth, 1,100 GB/s I/O bandwidth, or a combined 1,700 GB/s—now require a license to be exported to China.
NVIDIA, AMD Unveil Impact
NVIDIA and AMD have both disclosed the hit from new U.S. export curbs. The former will take a $5.5 billion charge after the U.S. restricted exports of its H20 AI chip to China, as per Reuters and Bloomberg. The Bloomberg report suggests NVIDIA’s writedown hints at a potential $14–18 billion loss in annual revenue.
As per Reuters, NVIDIA was notified by the U.S. government on April 9 that exporting the H20 to China would require a license, and on April 14, the company is reportedly told that these restrictions would remain in place indefinitely.
Meanwhile, according to CNBC, China ranks as NVIDIA’s fourth-largest market, behind the U.S., Singapore, and Taiwan, while H20 pulled in an estimated $12 to $15 billion in revenue in 2024.
On the other hand, AMD notes that the latest export control, which applies to its MI308 products, is expected to cost the company $800 million, another Reuters report indicates.
These costs may stem from unsold inventory, purchase commitments, and related reserves, according to the reports.
Notably, Reuters points out that China was AMD’s second-largest market in 2024, bringing in around $6.23 billion—over 24% of its total revenue.
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(Photo credit: Intel)
