Reported about 10 hours ago
Nvidia and AMD have agreed to pay 15% of their revenues from chip sales in China to the U.S. government in exchange for export licenses, following tightened restrictions by the Trump administration due to national security concerns. This decision arose after recent high-profile visits to the White House by Nvidia's CEO, and it reflects a significant shift in how American companies interact with government trade policies. Both companies have faced financial setbacks from these restrictions, with AMD reporting an $800 million loss and Nvidia anticipating an $8 billion impact.
Source: YAHOO