NVIDIA Faces New U.S. Export Restrictions on H20 Chips Destined for China and D:5 Countries

NVIDIA Corporation disclosed that the U.S. government now requires an export license for its H20 integrated circuits and comparable products destined for China (including Hong Kong and Macau) and other countries listed under the D:5 designation. This measure also applies to companies headquartered or ultimately owned in those jurisdictions.

The new licensing rule, communicated on April 9 and confirmed to be indefinite as of April 14, aims to prevent the potential use or diversion of NVIDIA’s high-bandwidth computing products in Chinese supercomputing applications.

NVIDIA expects the export restriction to impact its financial results for the first quarter of fiscal year 2026, which ends April 27, 2025. The company anticipates recording up to $5.5 billion in charges related to inventory, purchase commitments, and reserves tied to the H20 product line.

The company cautioned that the full financial impact remains subject to various risks and uncertainties, including global economic conditions, evolving U.S. trade policy, and ongoing product demand. Forward-looking statements remain conditional and reflect management’s expectations as of the date of the announcement.