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Nvidia will jump another 20% after report of China export license agreement, Wells Fargo says
This comes after The FT reported that Nvidia and AMD agreed to give the federal government a 15% share of their revenues from selling certain chips in China.
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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.
