The ethos of the recent Nvidia deal and other agreements leaves US trade partners unsure about Washington’s intentions
The payments are a quid pro quo for approval of the export licences needed to sell semiconductors critical to China’s artificial intelligence (AI) ambitions. The previously stalled licences were approved by the Commerce Department on August 8.
As the US-China geostrategic rivalry has intensified in recent years, both Democratic and Republican administrations in Washington have tightened restrictions on the sale of sophisticated technologies to China.
This unprecedented arrangement with Nvidia and AMD does something which until now would have been considered incomprehensible. It monetises US trade policy. Companies are essentially paying the US government for approval to export their products.
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