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Trump confirms Nvidia will pay the US for its sales in China
Nvidia and AMD will pay 15% of revenue from AI chip sales to China to the US government under a unique export license deal aimed at balancing market access and security concerns.
- Nvidia CEO Jenson Huang met with President Trump last week to discuss an agreement regarding sales in China.
- Nvidia will pay 15% of its revenues from H20 chip sales in China to the U.S. government as part of the deal.
- The Trump administration allowed Nvidia and Advanced Micro Devices to resume sales of certain AI chips to China with conditions.
- Nvidia stated, "We follow rules the US government sets for our participation in worldwide markets.
518 Articles
518 Articles
Nvidia, AMD Pay A 15% Bribe To The US Treasury To Keep Selling Chips To China
If you actually pay attention you might notice the right wing's pearl-clutching over China is neither effective nor consistent.The GOP, for years, made a giant stink about China's Huawei network gear being a massive national security threat, and pushed through legislation to tear the inexpensive gear out of U.S. networks. Then just... forgot to fund…
In a direct negotiation with Donald Trump, Nvidia and AMD agreed to hand over 15% of their AI chip sales revenue to the US government to China.
US official touts controversial chip deal as ‘model,’ exposing Washington’s ‘economic extortion’ of US firms and market-distorting tactics: expert
In a latest display of what an expert described as economic extortion, US Treasury Secretary Scott Bessent has touted a controversial deal allowing US chip giants Nvidia Corp and Advanced Micro Devices Inc (AMD) to sell lower-end AI chips to China, but only on the condition that they hand over 15 percent of the related revenue to the US government.
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