US Restricts Nvidia H20 Chips to China — Final Market Closure

The US Commerce Department announces export license requirements for Nvidia's H20 chip — previously downgraded specifically to comply with China export controls — effectively ending Nvidia's remaining legal AI chip sales to China. Nvidia takes a $4.5 billion inventory charge. The H20 had been a $12-15 billion annual revenue stream. The move signals US intent to deny China access to all high-performance AI computing hardware, including specially designed compliant versions.