US Treasury Secretary Unveils Real Reason Behind Demanding 15% of NVIDIA and AMD's China Revenue: Debt Repayment
3 week ago / Read about 0 minute
Author:小编   

The White House in the United States has confirmed that NVIDIA and AMD have struck a deal where they are required to remit 15% of their chip sales revenue in China to the US government in exchange for export licenses for their relevant products. Earlier reports suggested that this arrangement was a precondition for the US to allow these two companies to resume selling AI chips to China. A White House spokesperson clarified that, for now, the agreement solely involves NVIDIA and AMD but may potentially extend to other enterprises in the future. It is known that the US Department of Commerce has initiated the issuance of export licenses for these two companies targeting the Chinese market.