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

NVIDIA Corporation has revealed that the U.S. government now requires export licenses for its H20 integrated circuits and any similar products sent to China—including Hong Kong and Macau—as well as to other countries designated under the D:5 classification. The restriction also applies to companies headquartered in or ultimately owned by entities in those regions.

The licensing requirement, first communicated to NVIDIA on April 9 and confirmed to be indefinite as of April 14, is aimed at mitigating the risk of these high-bandwidth chips being used in or diverted to Chinese supercomputing applications.

NVIDIA expects the move to significantly affect its financial results for the first quarter of fiscal year 2026, ending April 27, 2025. The company projects up to $5.5 billion in charges related to H20 chip inventory, purchase commitments, and associated reserves.

While disclosing the development, NVIDIA emphasized that the financial impact is subject to change depending on evolving U.S. policy, global economic factors, and customer demand trends. All forward-looking statements are based on current expectations and are not guarantees of future performance.