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Trump says Nvidia to give US cut of China chip sales

Energy Daily Wednesday, 13 August 2025 ()
Trump says Nvidia to give US cut of China chip salesWashington (AFP) Aug 11, 2025

President Donald Trump on Monday confirmed reports that semiconductor giant Nvidia would pay the United States 15 percent of its revenues from sales of certain artificial intelligence chips to China. Speaking to reporters at the White House, Trump argued that Nvidia's "H20" chips are "obsolete," despite previously being targeted for export restrictions. He said that to lift the restricti
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