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Nvidia faces charges after new U.S. export rules on AI chips to China
- Nvidia to take $5.5 billion in charges after new U.S. export rules require licenses for exporting its H20 AI chip to China.
- Nvidia's AI chips have been a target of U.S. export controls to restrict sales to China.
- Nvidia designed chips to comply with U.S. limits while still being legal for sale in China.
- Nvidia shares dropped about 6% after the news.
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