Trump Demands a Cut for Nvidia and AMD’s Access to China
Nvidia and AMD have reportedly agreed to pay the U.S. government a 15% cut of their revenue from their specialized chip sales in China, in a deal so unconventional the business world is still reeling. The arrangement, effectively a new kind of “export tax,” is an unprecedented move that ends a months-long blockade and reopens one of the world’s largest markets for America’s two most valuable chipmakers. The news, first reported by the Financial Times, reveals the original and transactional tac