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AI companies Nvidia and AMD to pay 15% of China sales revenues to US
Two American AI companies have agreed to hand over 15 percent of their chip sales revenue in China to the US government in a bizarre financial arrangement.
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scmp.com
Nvidia, AMD to pay 15% of China chip sale income to US, Financial Times reports
The US had frozen the sale of some advanced chips to China earlier this year as trade tensions spiked between the two countries.
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cnbc.com
Nvidia and AMD to pay 15% of China chip sales revenues to the U.S. government, FT reports
The arrangement comes as President Donald Trump's tariffs continue to reverberate through the global economy.
