AMD expects up to $800M in charges after the US requires licences for MI308 exports to China

AMD/Instinct MI300 and MI350

AMD disclosed in an 8-K that a new US licence requirement covers exports of its MI308 AI chips to China and D5 countries, and that it could take charges of up to $800 million for inventory, purchase commitments and reserves. AMD planned to apply for licences but said approval was not assured.

• Export restriction: MI308 requires US licence for exports to China and D5 countries.
• Charge: up to $800M write-down on inventory, commitments and reserves; assessment completed April 15, 2025.
• AMD to apply for export licences but flagged uncertainty on approval; no guarantee of market access.