Nvidia says it does not expect new U.S. export hit its business

Nvidia Corp on Friday said it does not expect new U.S. export control rules against sending chips to Chinese supercomputing systems to have a material affect on its business.

Nvidia said the it had already been made subject to rules, which it disclosed to investors last month, saying that they could impact $400 million of its sales in China for its current fiscal quarter.

"We don't expect the new controls, including restrictions on sales for highly dense systems, to have a material impact on our business," the company said in a statement.

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