alt Hacker News“some fines” could be a very big deal. Sanctions laws have teeth.
How much of Nvidia’s revenue came from infringing sales to china? If so, that revenue is probably going to disappear as now they will have to really be serious about export controls or face much greater pain. Some estimates I’ve seen is 30% of their revenue perhaps disappearing overnight!
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nickalaso • today at 2:39 PM
Sure, but then that would mean they can now take those chips and sell them to Musk, Zuck, or Dario at inflated prices instead.
And I'm pretty sure any CEO with at least a bachelors degree knows about the De beers diamonds story, so, I really find it hard to believe they will struggle with the concept of maintaining their artifical scarcity/demand.
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Which is nothing to them. They could literally orient their business to only serve violations of sanctions and pay the fine and still be profitable.