Reported 1 day ago
The White House's unconventional deals with Nvidia and AMD for a 15% profit share from their chip sales to China may face legal scrutiny, as experts argue these agreements potentially violate the US Constitution's Export Clause prohibiting export taxes. Legal commentators highlight that these agreements resemble reverse tariffs rather than permissible user fees, suggesting that challenges could arise from shareholders or state attorneys general concerned about their impact on company revenues. Despite the potential legal hurdles, Nvidia and AMD may pursue these agreements to resume chip sales to China.
Source: YAHOO