GenZ News

Article View

Nvidia, AMD to pay U.S. government 15% of AI chip sales to China

122d ago
World
CBS News
Global perspective
Nvidia and AMD have reached an agreement with the U.S. government that will allow them to resume sales of AI chips to China after obtaining export licenses. The agreement stipulates that the chipmakers will pay 15% of their AI chip sales revenue to the U.S. government. This move aims to balance national security concerns with the economic benefits of maintaining access to the Chinese market for these key technology companies. The specific details of the licenses and the types of chips covered remain undisclosed, but this agreement represents a significant development in the ongoing tech trade relationship between the U.S. and China.
Source