The Financial Times has reported that Nvidia and AMD have struck a deal with the US government to hand over 15% of their revenue from chip sales in China, in exchange for export licences for those semiconductors.
I posted on this earlier:
- Reports that Nvidia and AMD to pay 15% of China chip sale revenues to US government
- US equity index futures are about to open – to HUGE news … not in a good way
CNBC, among others, is picking it up now.
This article was written by Eamonn Sheridan at investinglive.com.