AMD disclosed in an SEC filing that new U.S. government export restrictions on AI chips could significantly affect its financial results, citing potential exposure of approximately $800 million related to inventory and purchase commitments if export licenses are not granted. The controls apply specifically to AMD’s MI308 GPUs and restrict sales to China, Hong Kong, Macau, and other countries designated under D:5 classifications.
The company stated it completed an initial assessment of the new license requirement on April 15 and intends to apply for the necessary authorizations but offered no guarantees on approvals. AMD shares fell 6% following the announcement, as similar restrictions have already prompted a $5.5 billion charge from rival NVIDIA.
