The Ledger
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Gerstner: The US banned Nvidia H20 chip exports to China
“What we did last week is the US did ban H-twenties going to China”
Gerstner: Banning Nvidia H20 exports increases US trade deficit by $15B
“I think NVIDIA sold, you know, 12 or fifteen billion dollars worth of H-twenties. So if you ban those, then your trade deficit with China goes up by fifteen billion dollars.”
Gerstner: Nvidia H20 chip sales generate $2B to $3B in US tax revenue
“Fifteen billion in sales of H-twenties, right? That probably results in, you know, eight, nine billion dollars of earnings, you know, back to NVIDIA. You tax that at a corporate rate, that's two or three billion dollars to the U.S. Treasury.”