AMD says that the U.S. government's license control requirement for exporting AI chips to China and certain other countries may impact its earnings materially.

Advanced Micro Devices Inc. said it expects to take a charge of as much as $800 million after the Trump administration put new restrictions on semiconductor exports to China.

The U.S. government said it would require export licenses for some artificial-intelligence chips made by Nvidia and AMD. “The Commerce Department is issuing new export licensing requirements on the NVIDIA H20,