Nvidia Gets U.S. Approval for H100 Circuit Exports

On September 1, Nvidia issued a formal statement announcing that it has received authorization from the U.S. government to continue its development efforts pertaining to the H100 integrated circuit. This authorization encompasses activities related to export, re-export, and domestic transfers.

Under this approval, Nvidia is empowered to provide essential export support for its U.S. customers utilizing the A100 GPU until March 1, 2023. Furthermore, the authorization extends to the fulfillment of orders and logistics for both A100 and H100 chips, which can be conducted through the company's facilities in Hong Kong until September 1, 2023.

In response to this development, Nvidia's stock experienced a transient 11% decline. By noon, the company's market capitalization had diminished by approximately $40 billion. The 30 companies constituting the Philadelphia Semiconductor Index collectively witnessed a combined stock market value reduction of around $100 billion.

In a regulatory filing submitted post the Wednesday stock market closing, Nvidia disclosed that the U.S. government has introduced new licensing requirements for future exports of A100 and H100 chips to China, encompassing Hong Kong and Russia.