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Nvidia and AMD to Give US Cut of Revenue to Sell Chips to China

News Snapshot:

Massive chip makers Nvidia and Advanced Micro Devices (AMD) have reportedly signed an agreement with the United States federal government to give the government 15% of their revenue from selling advanced computer chips to China. This exceptionally unusual deal reported by Reuters and others is unprecedented and comes after American chipmakers — Nvidia and AMD are both headquartered in Santa Clara, California — were previously barred from selling certain chips to Chinese companies altogether. The United States federal government under Donald Trump has become increasingly involved with how companies run their businesses, with numerous tech giants, like Apple, making new…

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