Bessent sees Nvidia, AMD China agreements as a model for others
Wednesday, 13 August 2025 ()
(Bloomberg/Daniel Flatley, Annmarie Hordern and Jonathan Ferro) — Treasury Secretary Scott Bessent said the recent deal to allow Nvidia Corp. and Advanced Micro Devices Inc. to resume lower-end AI chip sales to China, on the condition they give the US government a 15% cut of the related revenue,…
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