Reported about 16 hours ago
Nvidia has struck a deal with the Trump administration, agreeing to pay $3 billion in revenue to resume sales of its H20 chips in China. President Trump announced that the company would receive export licenses in exchange for 15% of its revenues from the Chinese market. This move follows a surprise export ban that led to significant lost sales and heightened national security concerns regarding AI development in China. Despite this arrangement, some analysts warn it may push China towards domestic chip suppliers like Huawei.
Source: YAHOO