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U.S. Treasury Secretary Says Nvidia's Revenue-Sharing Deal Could Expand to Other Industries
Nvidia and its competitor Advanced Micro Devices Inc. (AMD) were reportedly to agree to pay part of their revenue from China to the U.S. government as part of a deal the Trump administration to secure export licenses.
U.S. Treasury Secretary Scott Bessent said on Wednesday that there are no national security concerns regarding Nvidia chips in China..
Trump said Monday that he has cut a deal with chipmaker Nvidia, allowing it to sell certain artificial intelligence chips to ...
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Trump reverses course on Intel CEO, calls him a success after urging resignation
President Donald Trump met on Monday at the White House with Intel CEO Lip-Bu Tan, just days after demanding that the head of ...
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Nvidia and AMD will give US 15% of China sales. But Chinese state media warns about their chips
Nvidia and AMD have agreed to pay the US government 15% of their revenues from semiconductor sales to China in exchange for ...
President Trump's tariffs continue to affect global markets and the economy. Follow for live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq ...
Trump’s deals requiring Nvidia and AMD to pay 15 percent of AI chip sales in China to the U.S. government challenge norms in ...
American chipmaking giant Nvidia says it plans to resume sales to China of an artificial intelligence chip that’s become part of a global race pitting the world’s biggest economies against each other.
Nvidia and AMD may well be willing to accept a 15 per cent kickback as the cost of doing business in Trump’s Washington. But as American companies that generate the plurality of their revenue in the ...
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