Bessent sees 15% cut on Nvidia, AMD AI chip sales to China as a model for others
Wednesday, 13 August 2025 ()
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 U.S. government a 15% cut of the related revenue, could serve as a model for others. “I think we could see it in…
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