Nvidia and AMD have agreed to pay 15% of their revenue from Chinese chip sales to the US government. The companies will also make a one-time payment of €69 per month, according to reports.
The move comes as part of a broader effort by the US government to crack down on China’s technological advancements in the semiconductor sector. The agreement is seen as a significant victory for American policymakers who have been seeking to limit China’s access to sensitive technology.
The exact terms of the deal are not yet clear, but it is expected to provide significant financial relief to both Nvidia and AMD. The companies will continue to operate their businesses in China, but they will now be required to share a portion of their revenue with the US government.
Source: https://www.ft.com/content/cd1a0729-a8ab-41e1-a4d2-8907f4c01cac