Nvidia, AMD and Trump
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Nvidia and AMD agreed to share 15% of their revenues from chip sales to China with the U.S. government, President Donald Trump confirmed at a press conference on Monday.
Treasury Secretary Scott Bessent said the recent deal to allow Nvidia Corp. and Advanced Micro Devices Inc. to resume lower-end AI chip sales to China, on the condition they give the U.S.
If Nvidia and AMD are given special treatment…why shouldn't other companies be doing the same?” says one expert.
5don MSN
Nvidia And AMD Slip In Premarket As Reports Say U.S. Will Take 15% Cut Of China AI Chip Sales
Chipmaking giants Nvidia and AMD will reportedly have to pay the U.S. government a 15% cut on the revenue generated from AI chip sales to China.
The White House’s reported deals with chipmakers Nvidia and Advanced Micro Devices for a cut of their chip sales to China are unorthodox and unprecedented — and likely to end up in court.