Nvidia and AMD agree to pay 15% of China chip export revenues to US
Nvidia and AMD have reached an agreement with the US government to pay 15% of their revenue from advanced chip sales to China in exchange for export licenses. This deal represents an unusual reversal of previous US national security restrictions on chip exports to China. The move suggests a potential easing of tensions in the ongoing US-China trade dispute. The agreement allows the chipmakers to continue selling their high-end products to the Chinese market, while the US government receives a portion of the revenue. This arrangement appears to be a compromise between economic and security concerns, as the US seeks to maintain its technological edge while also allowing its companies to access the lucrative Chinese market.
Note: This is an AI-generated summary of the original article. For the full story, please visit the source link below.
