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Bessent says unusual Nvidia, AMD revenue-sharing deal could be a 'model' for other industries
Bessent called the deal "unique," before suggesting that it could be a lot less unique soon. Scholars have another word: unprecedented.
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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.
