U.S. Government Takes a Cut of Nvidia and AMD Chip Sales to China
In a significant move regarding the technology and trade landscape, the U.S. government has mandated that chip manufacturers Nvidia and AMD will pay 15% of their revenues from chip sales to China. This agreement is part of newly issued export licenses that allow these companies to resume their sales in the Chinese market after a period of restrictions. The arrangement comes amid ongoing discussions surrounding AI technology and its global implications, with both companies navigating a complex regulatory environment. While this deal permits access to the lucrative Chinese market, it also incites concerns regarding U.S.-China relations and the broader AI arms race.
The New York Times, Financial Times, Axios, BBC, CNBC, Bloomberg.com, Reuters, The Guardian, South China Morning Post, The Washington Post