On November 2, according to the Wall Street Journal, the newly introduced export control rules in the United States may force AI chip giant Nvidia to cancel billions of dollars of advanced process chip orders to China next year, which may make Chinese technology companies unable to access key AI resources.

According to people familiar with the matter, Nvidia has completed the delivery of advanced process AI chip orders to China this year, and is seeking to deliver some orders for 2024 in advance before the new regulations are scheduled to take effect in mid-November. But last week, the U.S. government sent a letter to Nvidia saying that new export restrictions on sales of high-end chips to some countries, including China, were effective immediately.

China's leading AI and cloud computing companies, including Alibaba Group Holding LTD, TikTok parent ByteDance Inc and Baidu Inc, have all placed large orders for delivery next year, the people said, and the order book for 2024 by big Chinese companies has exceeded $5 billion.

Under the new rules, published on October 17, any company whose AI chips exceed a performance benchmark must obtain a license from the US Department of Commerce before being exported to China and other countries of concern.

After the United States implemented a series of relatively lenient chip restrictions late last year, Chinese companies rushed to order Nvidia's A800 and H800 AI chips, which were built specifically for the Chinese market to comply with regulations. However, under the stricter rules announced on October 17, Nvidia must cancel outstanding orders unless it obtains an export license from the U.S. Department of Commerce.

Following the new restrictions, Nvidia has stopped accepting new orders for high-performance AI chips from China, according to people familiar with the matter. The company had planned to make some emergency deliveries of previously placed orders during the rule's 30-day grace period, these people said.

The Commerce Department's decision to let the new restrictions take effect immediately means deliveries are no longer possible.

Industry executives and analysts said the latest chip restrictions could slow the pace of China's development of advanced AI capabilities and force Chinese developers to use homegrown alternatives.

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