#USChinaTensions
The prominent American semiconductor company "Nvidia" and its competitor "AMD" informed regulators - this week - that they expect to incur significant financial damages as a result of the new U.S. licensing conditions for semiconductors exported to China.
Nvidia expects the new rules to cost it $5.5 billion, while AMD projected a drain of up to $800 million from the company's net profits, according to documents filed with the U.S. Securities and Exchange Commission.