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Nvidia and AMD will give US 15% of China sales. But Chinese state media warns about their chips

Nvidia and AMD have agreed to pay the US government 15% of their revenues from semiconductor sales to China in exchange for ...

Scott Bessent Says Nvidia-AMD China Revenue Deal Could Serve As 'Model' For Other Industries

Treasury Secretary Scott Bessent has praised the 15% revenue-sharing agreement between the U.S. government and chip giants Nvidia and AMD.
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US government will use 15% sales tax on NVIDIA and AMD AI GPUs to China to pay down debt

The US government will use its 15% sales tax on NVIDIA and AMD chips sold to China to pay down US debt, in a new strategic ...

Trump, an active intervenor in tech, reported holdings in Nvidia, Apple

The president’s latest financial disclosure lays out significant investments in a sector where he has exerted unprecedented ...

Bessent: no security concerns with Nvidia chips in China, revenue will pay debt

U.S. Treasury Secretary Scott Bessent said on Wednesday that there are no national security concerns regarding Nvidia chips in China..

U.S. Treasury Secretary Says Nvidia's Revenue-Sharing Deal Could Expand to Other Industries

Nvidia and its competitor Advanced Micro Devices Inc. (AMD) were reportedly to agree to pay part of their revenue from China ...

Scott Bessent floats rolling out export tax to more industries

President Donald Trump upended corporate norms this week after Nvidia and AMD agreed to give the US government 15 per cent of their Chinese chip sales in exchange for being awarded export licences.