Nvidia and AMD agree to pay 15% of China chip export revenues to US (www.theguardian.com)
from geneva_convenience@lemmy.ml to technology@lemmy.ml on 11 Aug 19:35
https://lemmy.ml/post/34516898

The chipmakers Nvidia and AMD have agreed to give the US government 15% of their revenue from advanced chips sold to China in return for export licences to the key market.

The unprecedented move, an apparent reversal of US national security restrictions on the chip sales, signalled an easing in the US-China trade war.

Donald Trump has weaponised trade restrictions and tariffs to bring business to US shores. However, the quid pro quo arrangement, first reported by the Financial Times, is potentially unconstitutional.

The arrangement will lead to Nvidia giving 15% of its revenue from Chinese sales of its H20 chips, and AMD giving 15% of revenue from Chinese sales of its MI308 chips, according to reports citing US officials.

#technology