Nvidia and AMD to pay 15% of China chip sale revenues to US government
Chipmakers agree to unusual arrangement to secure export licences from Trump administration
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Nvidia and AMD to pay 15% of China chip sale revenues to US government
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Chip giants Nvidia and AMD to pay 15% of China revenues to US
The chip giants will hand revenues to the US government in exchange for licences to export to China.
BBC News
FirstFT: Nvidia and AMD to pay portion of China chip sale revenues to US government
Also in today’s newsletter, Europe urges Trump to use sanctions pressure against Russia, and rice prices plunge to 8-year low
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