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US Treasury Secretary Bessent Praises Nvidia-China Revenue Plan as “Unique Solution”
Nvidia and AMD will pay 15% of their China chip sales revenue to the U.S. government to help reduce national debt under a new export control framework.
- On Monday, President Donald Trump announced Nvidia Corp. NVDA and AMD would contribute 15% of their China chip sales to the U.S. government as an export license condition.
- Following export restrictions, the new model seeks to balance U.S. security concerns with economic interests by attaching revenue-sharing to export licenses.
- It allows Nvidia’s H20 accelerator chips and AMD’s MI308 processors to reach Chinese buyers under U.S. export controls, attaching revenue-sharing as a license condition.
- Highlighting future applications, Bessent said the model could serve as a blueprint for other industries and claimed the revenue would go directly toward paying down the national debt, with potential taxpayer benefits.
- Amid legal scrutiny, Gary Hufbauer of the Peterson Institute for International Economics called the deal `bizarre` and `troubling` due to no Congressional input.
11 Articles
11 Articles
Scott Bessent Says Nvidia-AMD China Revenue Deal Could Serve As 'Model' For Other Industries - NVIDIA (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD)
Treasury Secretary Scott Bessent has praised the 15% revenue-sharing agreement between the U.S. government and chip giants Nvidia and AMD.
White House says chip revenue deals could extend beyond Nvidia and AMD
Earlier this week, the White House confirmed that US semiconductor giants Nvidia and AMD will pay 15 percent of their revenues from sales of certain advanced chips to China directly to the US government. Reuters reports the unprecedented agreement, brokered by President Donald Trump, clears the way for the companies...Read Entire Article
US Treasury Secretary Bessent Praises Nvidia-China Revenue Plan as “Unique Solution”
WASHINGTON D.C (VINnews)-US Treasury Secretary Scott Bessent said the arrangement for Nvidia to share 15% of the revenue from sales of its H20 AI accelerator in China with the US government is a “unique solution” that could be applied in other cases in the future. The plan comes amid ongoing export restrictions on advanced AI […]
White House: Trump’s Export Deals With Nvidia, AMD Could Expand to Other Firms
The Trump administration may consider expanding the revenue-sharing arrangements that it reached with Nvidia and AMD to other U.S. companies, the White House said this week. "Right now, it stands with these two companies. Perhaps it...
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