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Nvidia, AMD to pay 15 per cent of China chip sale revenues to U.S.

Source: cp24.com cp24.com
News Snapshot:

People take a look to Nvidia"s new products during the Computex 2025 exhibition in Taipei, Taiwan, Wednesday, May 21, 2025. (AP Photo/Chiang Ying-ying, File) Nvidia and AMD have agreed to give the U.S. government 15 per cent of revenue from sales to China of advanced computer chips, a U.S. official said on Sunday, in an unusual move likely to faze American companies. The deal is extremely rare for the U.S. and marks President Donald Trump’s latest intervention in corporate decision-making, after pressuring executives to invest in American manufacturing and demanding new Intel CEO Lip-Bu Tan resign over ties to Chinese…

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