On Wednesday, Advanced Micro Devices, Inc (NASDAQ:AMD) disclosed that it had completed its initial assessment of a new license requirement implemented by the Trump administration for the export of certain semiconductor products to China (including Hong Kong and Macau) and D:5 countries, or to companies headquartered or with an ultimate parent in such countries (the “Export Control”).
The Export Control applies to the company’s MI308 products.
AMD expects to apply for licenses but there is no assurance that licenses will be granted.
Also Read: China Hits US-Made Chips With Tariffs, But Those Outsourcing To Taiwan Semiconductor Exempt
It expects that the Export Control may incur up to approximately $800 million in inventory, purchase …Full story available on Benzinga.com
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