WTF?
#US #FederalGovernment to Take Cut of #Nvidia & #AMD AI Chip Sales to #China
In a highly unusual arrangement with #Trump, the companies are expected to kick 15% of what they make in China to the U.S. government.
Nvidia & Advanced Micro Devices are expected to pay the United States 15% of the money they take in from selling #ArtificialIntelligence #chips to China, as part of a highly unusual financial agreement with the Trump admin.
#law #business #tech #extortion
https://www.nytimes.com/2025/08/10/technology/us-government-nvidia-amd-chips-china.html?smid=nytcore-ios-share&referringSource=articleShare