US EditionTrump confirms Nvidia will pay the US for its sales in China
Nvidia and AMD agreed to pay 15% of their AI chip sales revenue from China to the U.S. government, potentially generating $2 billion annually amid export controls and national security concerns.
- Nvidia CEO Jenson Huang met with President Trump last week to discuss an agreement regarding sales in China.
- Nvidia will pay 15% of its revenues from H20 chip sales in China to the U.S. government as part of the deal.
- The Trump administration allowed Nvidia and Advanced Micro Devices to resume sales of certain AI chips to China with conditions.
- Nvidia stated, "We follow rules the US government sets for our participation in worldwide markets.
525 Articles
525 Articles
Nvidia, AMD Pay A 15% Bribe To The US Treasury To Keep Selling Chips To China
If you actually pay attention you might notice the right wing's pearl-clutching over China is neither effective nor consistent.The GOP, for years, made a giant stink about China's Huawei network gear being a massive national security threat, and pushed through legislation to tear the inexpensive gear out of U.S. networks. Then just... forgot to fund…
In a direct negotiation with Donald Trump, Nvidia and AMD agreed to hand over 15% of their AI chip sales revenue to the US government to China.
Bessent sees 15% cut on Nvidia, AMD AI chip sales to China as a model for others
Treasury Secretary Scott Bessent said the recent deal to allow Nvidia Corp. and Advanced Micro Devices Inc. to resume lower-end AI chip sales to China, on the condition they give the U.S. government a 15% cut of the related revenue, could serve as a model for others.
Bessent sees Nvidia, AMD China agreements as a model for others
Treasury Secretary Scott Bessent said the recent deal to allow Nvidia Corp. and Advanced Micro Devices Inc. to resume lower-end AI chip sales to China, on the condition they give the US government a 15% cut of the related revenue, could serve as a model for others.
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