Nvidia, AMD to pay 15% of China chip sales to US government, reports say
Summary
Nvidia and AMD have reportedly agreed to give the U.S. government 15% of their revenues from certain chip sales in China. This deal is part of an arrangement to get export licenses for their products, and has been linked to the Trump administration's decision to reverse a ban on Nvidia’s chip sales to China.Key Facts
- Nvidia and AMD will pay the U.S. government 15% of revenues from specific chip sales in China.
- The agreement is reportedly part of securing export licenses for their products.
- The decision came after a previous ban on Nvidia’s chip exports to China was lifted.
- Various major news outlets, including The Financial Times, have confirmed the reports.
- Nvidia and AMD have not publicly confirmed the specifics of the deal.
- There are no known precedents for this type of agreement between companies and the U.S. government.
- Some trade experts have expressed concerns about the implications of linking export controls and payments.
- Former U.S. trade officials have raised concerns about the legality and security implications of such a deal.
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