Reported about 11 hours ago
Nvidia and AMD have agreed to pay 15% of their revenue from AI chip sales to China to the US government as part of a unique agreement that ties their export licenses to the Trump administration's tariffs. This unusual move has raised concerns among trade experts, as it effectively monetizes US trade policy. Meanwhile, President Trump is pressing China to significantly increase soybean purchases ahead of an impending tariff deadline.
Source: YAHOO