AssetID: 54978218
Headline: UNCAPTIONED: Nvidia and AMD Agree to Pay 15% of China Chip Sales to US Government
Caption: Nvidia and AMD Agree to Pay 15% of China Chip Sales to US Government. Two of the world’s biggest chipmakers, Nvidia and AMD, will hand over 15% of their Chinese revenues to the US government under what’s being described as an unprecedented agreement The deal is designed to secure export licences for advanced chips after Washington restricted sales to China over national security concerns, particularly in artificial intelligence. The restrictions have targeted products like Nvidia’s H20 chip and AMD’s MI308, both developed for the Chinese market. US officials fear such technology could accelerate China’s AI capabilities. Nvidia says it’s been months since it shipped the H20 to China, but hopes future rules will allow fair competition in global markets. AMD has not commented. The Financial Times first reported the agreement, which follows April’s ban, introduced under President Trump, on selling the H20 in China. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Nvidia,AMD,agree,pay,15%,china,chip,sales,Chinese,revenues,US Government,US,Washington,Donald Trump,ban,advanced chips,AI,market,H20,M1308
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