AMD expects $800 million hit from U.S. chip restrictions on China

Lisa Su, CEO of AMD, attends the Artificial Intelligence Action Summit at the Grand Palais in Paris, Feb. 10, 2025.Shares of Advanced Micro Devices slid more than 5% on Wednesday after the company said it could incur charges of up to $800 million for exporting its MI308 products to China and other countries."The Company expects to apply for licenses but there is no assurance that licenses will be granted," AMD said in the filing with the Securities and Exchange Commission.The new U.S. license requirement, w ...