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 and AMD will pay the US government 15% of their China chip sales revenue, President Trump confirmed in a Monday press conference.
- Reversing course, the administration halted shipments in April, then issued export licences last week enabling the revenue-sharing deal.
- Nvidia could channel nearly $700 million per quarter to the U.S. Treasury, as China accounts for roughly $17 billion of its revenue and chips make up about 80% of that.
- Following the disclosure, Nvidia shares slipped Monday before rallying to a record Tuesday, while AMD reached its highest in over a year on Wednesday.
- Critics note that Derek Scissors questioned the constitutionality of export taxes, and Feldgoise warned it 'will likely undermine the US’s position when negotiating with allies.
527 Articles
527 Articles
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Trump Pushes Unusual Trade Policy: Could Throttle Chinese AI, Make America Billions in One Fell Swoop
Nvidia and AMD are each poised to share 15 percent of their revenue with the U.S. government when their artificial intelligence chips are sold to China. Back in April, the […] The post Trump Pushes Unusual Trade Policy: Could Throttle Chinese AI, Make America Billions in One Fell Swoop appeared first on The Western Journal.
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.
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