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AMD flags $800 million hit from new US curbs on chip exports to China

AMD flags $800 million hit from new US curbs on chip exports to China

By Arsheeya Bajwa, Reuters 

Advanced Micro Devices (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 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 markets, at a time when tit-for-tat tariffs have clouded the outlook for the sector.

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