The US is taking a cut from chip sales to China - what does it mean?
124d ago
Business
BBC Business
The United States government will receive 15% of profits from the sale of certain advanced semiconductors in China by two leading companies, according to the BBC. This move signifies increasing US oversight and potential control over the export of advanced technology to China. The agreement suggests a strategy of benefiting financially from China's reliance on US-developed chip technology while simultaneously monitoring and potentially limiting its access to cutting-edge advancements. The implications could range from impacting the competitiveness of Chinese tech companies to influencing the global semiconductor market and US-China trade relations.